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In this video cover:
How unemployment & job opening data has developed in 4 key countries since last talking about it in December 2023 (USA, UK, Canada, and Australia).
I take you through Gold & Silver price performance during periods of rising unemployment to show you if prices go down or up as the economy slows down.
I cover the main reasons why this rising unemployment environment is different that past environments and what the means for Gold & Silver prices.
I answer a viewer question on the topic of mining stocks and where I see them going over the next few years.
Be sure to watch to the very end because it is full of useful information.
None of this advice I am not a financial advisor this is educational material!
Links to Sources:
US Unemployment Rate Data
https://fred.stlouisfed.org/series/UN...
US Unemployment Rate Chart
https://tradingeconomics.com/uniteds...
US Job Opening Data Chart
https://tradingeconomics.com/uniteds...
UK Unemployment Rate Chart
https://tradingeconomics.com/unitedk...
UK Job Opening Data Chart
https://tradingeconomics.com/unitedk...
Australia Unemployment Rate Chart
https://tradingeconomics.com/australi...
Australia Job Opening Data Chart
https://tradingeconomics.com/australi...
Canada Unemployment Rate Chart
https://tradingeconomics.com/canada/u...
Canada Job Opening Data Chart
https://tradingeconomics.com/canada/j...
Silver Price Chart
https://www.tradingview.com/symbols/X...
Gold Price Chart
https://www.tradingview.com/symbols/X...
GDX Price Chart
https://www.tradingview.com/symbols/A...
Newmont Price Chart
https://www.tradingview.com/symbols/N...
Article With Silver Demand Chart
https://www.thearmchairtrader.com/sil...
#silver #silverprice #gold