Silver Smashed Under $20 On Bogus Jobs Report
SilverDoctors.com
August 5, 2016
The algos have just INSTANTLY repriced a Fed rate hike into the market, today’s BLS(BS) numbers came in at a literally unbelievable +255k for July smashing expectations, sending silver prices down the proverbial mine-shaft nearly .50, and under the psychologically significant $20:
The precious metals have been treated to the proverbial waterfall this morning, plunging below critical support levels on the sudden (bogus) belief that a Fed Rate Hike is imminent.
Just exactly how many times can the Fed Call Wolf and trigger this type of ridiculous knee-jerk reaction by the algos?
We suspect it cannot be too much longer (6-12 months perhaps) until The Fed loses entirely the ability to jawbone the market with Fedspeak threats…
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