Progress summary, page-55

US publishes the NFP data on Easter Friday when the markets are closed. See why below. So much for the US economic recovery,  doing better than anywhere else in the world and raising rates some time soon!
Should be good for gold when markets reopen if amnesia hasn't set in ...! MML looking to take out $1 and head higher in expectation of another record quarter of production when Q3 results are announced in a few weeks time.
Possible outcomes: Q3 production of 28k oz and Q4 of 32k oz.

Production Q2: 26,859 ounces at a head grade 5.56 g/t gold, cash costs of US$380 per ounce and AISC of US$989 per oz.

Q1 quarter of 21,018 ounces at a head grade of 5.02 g/t gold and cash costs of US$382 per ounce. AISC was US$1,238 per oz.

Dow futures down about 170 points.

Epic Payrolls Miss- Worst NFP Since 2013!
Posted on April 3, 2015 by The Doc

NFP + 126,000 on expectations of +245k

Official Unemployment rate unchanged at 5.5%

Jan & Feb revised 69k jobs lower

Labor Force Participation rate falls to 62.7%, record 93 million Americans not in the labor force (how the BLS can fabricate the 5.5% unemployment rate)Whelp…now we know why the BLS released the April NFP on a day the markets were closed…gold & silver are poised to EXPLODE on Sunday’s Globex open…
*11:45am EST Update:

Banks are currently offering silver .45 higher than Friday’s close, and around $10-$15 higher in gold.
A BIG gap upwards is expected on Sunday’s Globex open…

We suspect gold & silver will NOT be flat lined come Sunday evening…prepare for fireworks as the market suddenly has realized the Fed has NO chance of meaningfully raising rates…