Silver Standard Resources Inc SSRI

US Job Number

[zwalker]

Probably end today somewhat flat, as investors wait for the US job numbers tomorrow. The key non-farm payrolls number is expected to come in at up 180,000.Either way we will action Friday.

[ch08532]

Somebody dumping 1/2 hr before close.....other miners mostly flat.  Ya, big day tmo...we'll see if we get the pop.  Seem to be jammed up in 17-18 handle.  Gold holding at top of trading range...need a big NFP miss to move to 1400.

[PAGODA5]

The job number matters not.  Particpation in the job market has never been lower in the US.  The Fed will not move this year no matter what number comes up.  

[zwalker]

I agree that interest rate won't be coming this year, but a bigger than expected job increase will fuel Janet Yellon to talk amount interest rate increase sooner than expected. That will get people thinking the US are doing better than they are.

[PAGODA5]

I think people are starting to get wise to this jawboning.  There is no meat behind it.  The ADP numbers should have moved gold lower but didn't. Plus the jobs they are creating are predominantly service sector jobs.  You don't base an economic recovery on people earning minimum wage restaurant jobs!   

[zwalker]

Yes, interesting that someone is dumping as you said. Price today and yesterday down farther than most miners. Have to wonder especially a when earning is next week. Tomorrow will be interesting and if labour number is a big miss we will see a big jump in price. It could also go the other way as well.

[ch08532]

I suspect the reason why we are not at $20 handle is due to the shrinking Ag reserves. I'd like to see a conclusion to the JV deal with Golden Arrow sooner rather than later.   Would be be nice to lock up another Ag mine to balance out the portfolio.

[prouditalian]

volume has been average so would not worry about it. It has been weaker than my other 2 miners though FR and PAA but I am not worried at all aboiut sso. I think earnings will be very solid as well as cash flows...Bet you we will get analyst upgrades and soon to join gdx and gdxj.

[Monkeydonkey]

Well the job report was not good for us. Interesting to see what happens today. Last time gold is up on friday because there always is the risk something freaky happens over the weekend... If gold and silver end over 1350 and 20 i am happy. 

[ch08532]

Looks to be holding near those numbers but these smashes come in waves...don't think the attack is done. I believe a December rate hike is on the table. 

[zwalker]

I agree that rate hike maybe in discussion at the end of the year, but wIth US election and Christmas season any rate hike will happen be in the spring. Today will be interesting.