Non-farm employers added 156,000 jobs in September as the unemployment rate edged up 0.1% to 5%. The participation rate rose slightly to 62.9%, while 94,184,000 Americans were not in the labor force, 207,000 fewer than in August. Interest rates plunged in September after the Fed, as we expected, did nothing with rates, and are back up now. Not much good to report on “dissatisfaction with the country.” Gold is well below $1,300 at $1,254. If it was a good value last month, it’s a better one today. Background checks broke another monthly record in September as concerns mount about the future of the 2nd Amendment. In October, the RAGE Gauge continues to read “high risk.”
