Does anyone have any stats that show how many baby boomers are to retire over the next decade or so on a yearly basis?
Since baby boomers have began to retire on a larger scale now, they retire and are taken out of the labor force and no longer counted as unemployed which is makes sense, but their positions are often replaced which makes me wonder how does that affect the current monthly non farm numbers if we're seeing 150,000 new hires, how many of those are not new job created but basically position replacements due to elderly retiring?
Has anyone check out the weekly charts on USD? We're at the neckline of a large H&S and dollar gets hit, so does gold and silver follows. It look like the bankers are still in control of the PMs, they broke through the support of 1686 or so and were able to bring the POG close the the monthly support line that goes all the way to '09 which sits around 1660.
Either way, things are getting more interesting and should resolve themselves shortly. Buy puts as insurance if you can't stand the pressure of PMs moving much lower because if 1660 POG breaks we should see 1630if not 1608 in a short time frame.
Christmas is almost never very merry for PMs and even worse for PM stocks.
The West controls the PM market, they always did. At present the bankers are pushing PMs lower and you either hold and wait or go with the bankers and short PMs. Once you see PMs start to rise during NY time slot, you change your strategy and go long. The market is rigged and has been for years, can someone prove it? No, but the action is very telling. Watch the COT reports end of Fridays and see what is taking place. Last week was a nice week for gold covering shorts, and it would be nice to see this week's COT drop off some shorts as well.
The short position is still historically high so the bankers, I'm guessing Goldman and JP are shaking the market regardless what USD or Euro is doing. The risk of fiscal cliff is also causing liquidation which helps bankers shake the weak PM market more than usual.
Overall SLW thus far has been doing amazingly well when compared to other PM equities. Anyways we have about another month of typical weakness unless general markets take a nose dive, mid Jan should be turn around for PMs.
Also, watch 1685 gold, if they manage to break this support we may slide to 1630 fairly quickly, as it appears we have a nice triangle on charts with support at 1630 and resistance around 1737. And volume is higher on the moves down.