Nevada Copper Corp T.NCU

It's jobs, jobs, jobs!

[bogfit]

We wonder how much of today’s market angst is due to the surprisingly poor jobs report?   That said, we also wonder if that is a legitimate measure of economic recovery.

“From Wall Street to the White House, expectations were high for a hiring surge in April with potentially a million Americans returning to work. Instead, the world learned Friday that just 266,000 jobs were added, a massive disappointment that raises questions about whether the recovery is on track.”

https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/

There is absolutely no reason to expect this recovery to resemble anything that has ever happen before in history.  The structure of the world’s economies and trade is materially different, more complex, and more inter-connected than ever before, and how the still raging Pandemic, shipping bottlenecks, and supply chain malfunctions will retard reaching a steady state global economy is still unknown.

It is difficult for us to imagine commodities falling in price simultaneously with the USD, especially with the widespread demand anticipated for copper in EV and solar.
 
b.

[bogfit]

 "As the economy reopens fully and the recovery gathers momentum, it will be important to remain patiently focused on achieving the maximum-employment and inflation outcomes in our guidance." Fed Governor Lael Brainard  The Fed has committed to keeping its crisis programs in place until it is more certain that the economy is past the ill effects of the pandemic. That means

[metalhead666]

They have no clue. Inflation is out of control as money supply balloons at the fastest peace time rate in history. The FED has NEVER gotten it right. They "believe" they can control everything but markets and society are infinitely more powerful. Remember Bernanke saying housing never goes down?  Right before Lehman and Bear blew it all up?  The FED swapped one monster for