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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Monday, April 06, 2015

Why the Jobs Disaster is Splendid News for Gold

While the disastrous monthly jobs report reflects poorly for the U.S. economy, it is splendid news for gold. New job creation tanked in March, and that news plus the prior month revision is causing a reevaluation of the economic situation altogether. The repercussions of this and how it affects gold may be complicated, though the immediate effect should be significantly positive. See my full report on gold here.

Precious Metals Relative Security
YTD
TTM
SPDR Gold Trust (NYSE: GLD)
+1.1%
-8.2%
iShares Silver Trust (NYSE: SLV)
+6.4%
-16.4%
Market Vectors Gold Miners (NYSE: GDX)
+3.3%
-21.2%
Direxion Daily Gold Miners Bull 3X (NYSE: NUGT)
-12.8%
-71.9%
Goldcorp (NYSE: GG)
+1.6%
-20.3%
Newmont Mining (NYSE: NEM)
+15.6%
-6.9%
Rangold Resources (Nasdaq: GOLD)
+3.8%
-6.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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