The first round of the French elections is over and now that it’s a head to head match between Macron and Le Pen the markets could refocus their attention on the ECB’s next move – at least until the second…
Gold and Silver Outlook for April 24-28
French Fate and British Snaps — MM #141
We are back from the vacation just in time for the biggest political event of 2017: the French elections. We look at the potential market reactions and the probabilities of the various scenarios. We cross the channel for more election news…
Gold and Silver Outlook for April 17-21
The recent CPI and retail sales reports, which were released on Friday when the markets were closed, may have brought in a new wave of dovishness to the markets: These reports – mostly the CPI that showed an unexpected drop…
Gold and Silver Outlook for April 10-14
The employment situation in the U.S. is still on solid ground with unemployment dipping to its lowest level in years; and even the broader unemployment rate (U6) measure has fallen to its lowest since December 2007. But the number of…
U.S. NFP: Mixed Bag with Low Jobs Growth But Also a New Record Low Unemployment
The U.S. non-farm payroll, missed estimates on jobs growth: 98K vs an estimated growth of 174K (The ADP estimated a gain of 263K jobs) in March; and wage growth came at 2.7% in annual terms – as expected. Unemployment rate…
Gold and Silver Outlook for April 3-7
The talks over the Trump trade continue to cool down as the markets are slowly adjusting to the fact that perhaps there will be far fewer legislations passed under the current administration – including on tax reform, health care and…