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<p>[QUOTE="Collector1966, post: 1089206, member: 17919"]You mean, like a few years ago when the official unemployment rate was 7% and the Dow was 14000, and precious metals were on the skids? No, wait a minute, Dow 14000 was occurring during the middle of the present precious metals bull market.</p><p><br /></p><p>It is not just Americans who are moving this PM market-- it is a world market, and buyers in other countries don't really care if the Dow Jones is above 13,000 or stuck at 11000. The stock market today is a big farce-- companies are trying everything they can to increase profits just to please their big-time investors, but to do that they are increasingly resorting to outsourcing jobs overseas, or firing older workers and hiring younger, less experienced and less expensive ones, or making their American employees work longer for less pay. In all instances, this does not bode well for improving the unemployment rate, certainly not in the short term. And the jobs that are becoming available, especially for older displaced workers, often involve memorizing lines like "Would you like fries with that?" or "Would you like a shopping cart while you're in the store?"[/QUOTE]</p><p><br /></p>
[QUOTE="Collector1966, post: 1089206, member: 17919"]You mean, like a few years ago when the official unemployment rate was 7% and the Dow was 14000, and precious metals were on the skids? No, wait a minute, Dow 14000 was occurring during the middle of the present precious metals bull market. It is not just Americans who are moving this PM market-- it is a world market, and buyers in other countries don't really care if the Dow Jones is above 13,000 or stuck at 11000. The stock market today is a big farce-- companies are trying everything they can to increase profits just to please their big-time investors, but to do that they are increasingly resorting to outsourcing jobs overseas, or firing older workers and hiring younger, less experienced and less expensive ones, or making their American employees work longer for less pay. In all instances, this does not bode well for improving the unemployment rate, certainly not in the short term. And the jobs that are becoming available, especially for older displaced workers, often involve memorizing lines like "Would you like fries with that?" or "Would you like a shopping cart while you're in the store?"[/QUOTE]
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