It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Libertas on April 14, 2011, 08:21:21 AM

Title: Jobless claims up
Post by: Libertas on April 14, 2011, 08:21:21 AM

Up...revisions...extended benefits up..ahh the joy of BLS numbers and Obamanomics!

 :P

 ::unknowncomic::

http://www.zerohedge.com/article/jobless-claims-huge-miss-expectatons-380k-print-412k-previous-revised-upward-ppi-higher-expe?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/article/jobless-claims-huge-miss-expectatons-380k-print-412k-previous-revised-upward-ppi-higher-expe?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)


Oh oh, market could open down just on the claims news, but now it looks like the chartists are seeing some bad omens...this one in the S&P -

http://www.fundmymutualfund.com/2011/04/two-gap-downs-in-one-week-mercy.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FundMyMutualFund+%28Fund+my+Mutual+Fund%29 (http://www.fundmymutualfund.com/2011/04/two-gap-downs-in-one-week-mercy.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FundMyMutualFund+%28Fund+my+Mutual+Fund%29)

Title: Re: Jobless claims up
Post by: charlesoakwood on April 14, 2011, 09:00:05 AM

That's complex.

(http://www.kitco.com/LFgif/au1825nys.gif)

Trend line is up.
Between '06 and '08 it's up about 400 between Oct '08 and today it about doubled.
The trend line arced up. If he maintains it will continue.

 

Title: Re: Jobless claims up
Post by: Libertas on April 14, 2011, 09:21:04 AM

I hear some say gold will double by the end of the year.  I think a lot more bad news would have to roil through the economy for that prediction to come true, and none of that bad news is anything I would expect any nation, even this one, to survive intact!  But I still see the same trend line Charles, and it has been an increadibly steady rise since April/May '09.  There was run up preceding that, but when I look at actual price levels and moving averages, from the April/May '09 period it has been quite astonishing how perfectly predictable it has been.  Running off that same trend, I can see gold hitting 1800 by year end, easily, possibly even 1900.  And silver could be easily at 50 well before year end.