Bad Times for Gold Are Soon to EndSubmitted by goldNET on Mon, 04/08/2013 - 16:19
For the last couple quarters, we have heard how central banks are getting ready to unwind their unprecedented monetary efforts of the past. A global recovery has been the mainstream consensus since the new year, and stocks have not disappointed those touting the recovery.
The economic recovery justification, however, at least appears to be withering even in mainstream numbers. Last Friday's job data showed the lowest participation rate since 1979 and disappointed on the headline number, with only 88K jobs created, against a 200k market expectation.