4/5/2013 Portland, Oregon – Pop in your mints…
Today’s BLS jobs report was seen as an unmitigated disaster. This should give the Federal Reserve the cover they need to turn Japanese with regards to their QE program (the BOJ came out with a QE program that is roughly 30%! of GDP over a year, by way of comparison, the FED has pumped out 15% of GDP in 5 years).
Bitcoins, gold, and silver jumped. The management of what the world calls currencies is heading for the exits, and from the looks of things, so are many Dollar, Yen, and Euro holders.
Don’t bother to turn off the light or lock the doors, just get the heck out. A four alarm fire coupled with an earthquake is on the verge of breaking out in the currency markets. The monetary premium is looking for something to affix itself to, and it will trample many an asset class in search of it.
Stay tuned and Trust Jesus.
Key Indicators for April 5, 2013
Copper Price per Lb: $3.38
Oil Price per Barrel: $92.70
Corn Price per Bushel: $6.29
10 Yr US Treasury Bond: 1.69%
Mt Gox Bitcoin price in US: $142.88
FED Target Rate: 0.14% ON AUTOPILOT, THE FED IS DEAD!
Gold Price Per Ounce: $1,582 THE GOLD RUSH IS STILL ON!
MINT Perceived Target Rate*: 0.25%
Unemployment Rate: 7.6%
Inflation Rate (CPI): 0.7%
Dow Jones Industrial Average: 14,565
M1 Monetary Base: $2,534,800,000,000 LOTS OF DOUGH ON THE STREET!
M2 Monetary Base: $10,501,300,000,000