Originally Posted by
Daytr
The US jobs numbered headlined as a very strong number but as usual the devil is in the detail. The participation rate still remains at its lowest point since 1978 & a massive number of full time jobs were lost whilst part time jobs outweighed the loss of full time unemployment. I'm not saying its not a positive number, however its not quite as solid as the headline number suggests. Lets hope the growth in the US economy continues & broadens as the stronger the US grows the more they will buy from China & that will support Chinese growth & their appetite for gold will continue to grow as their middle class continues to explode. Its quite remarkable that China has maintained a growth rate of between 7-8% when its major customers Europe & the US have been on their knees for years.