from King World News
With the HUI Gold Mining Index hitting another hitting 34 month highs as gold and silver continue to consolidate recent gains, here is the really big surprise.
A portion of today’s note from Art Cashin: Payrolls Surprise Brings Goldilocks Out Of The Woods – With less than a handful of Wall Street economists projecting a June payroll number of 200,000 or more, the BLS blew everyone away with a 287,000 number. The initial, “instantaneous”, reaction was that the “super” number well offset the disastrous May number. Thus, the U.S. economy might still be strong enough to shore up “post-Brexit” economies in Europe and in Asia.