Housekeeping: Good Morning. due to the increased volume, variety and subscribers, GoldFix will be creating a posting schedule for next week to make managing all the incoming content to your mailbox easier
Video Contents
Current Prices
Yesterday’s Activity
Data Due
News
Top of Mind
Markets/Metals Commentary
Market Gameplan
Attached: ING Commodity Analysis
Yesterday’s Activity:
Precious Metals- Big rally big deal... correlations work in favor1
Oil- Dropped $2 yesterday on erroneous information of peace talks
US equities- Huge up day despite banking issues…. or because of? 2
Bonds- Strong
DX- Weak
Crypto- started weak, ended strong
Data Due:
Jobs. Hard to believe a strong jobs number will actually be bearish for stocks.. but you never know
FRIDAY, FEB. 2 8:30 am NFP, Unemployment, Wages
With the QRA, Fed and all megatech earnings now in the rearview mirror, the busiest week of the quarter comes to a merciful end today, but first we have to survive the January payrolls report. Here is what economists believe the report will show:
Nonfarm payrolls are expected to grow by 185k, a drop from December's 216k,
The unemployment rate is forecast to tick up to 3.8% from 3.7%.
Average hourly earnings are seen rising 0.3% M/M in January, easing from the 0.4% pace in December; the Y/Y increase is expected to remain unchanged at 4.1%.
Fed Chair Powell will be interviewed on 60 Minutes this Sunday which will be aired at 19:00EST/00:00GMT.
GEOPOLITICS
Hamas said they are still in the stage of consultation between internal and foreign leaders on the exchange deal, it cannot say the current stage of negotiations is zero, but also cannot say they have reached an agreement.
An Iranian revolutionary guard advisor killed in Israeli strike on Damascus, Syria, via semi-official Iranian News site..
Iraq's pro-Iran Al-Nujaba movement vows to keep up attacks on US troops, according to AFP
North Korea fired several cruise missiles off its west coast, according to South Korea.
Some headlines via NewSquawk
Top of Mind:
Don’t Call it a Revaluation. Call it a repricing
Gold is going up. It is being repriced, The G7 knows it and the BRICS knows it. The Bullion banks know it, and the global leaders know it. They have said so by accident in recent reports3. Smaller EU CBs have also stated this. Countries are targeting gold reserves as a percent of GDP4 The world is working on a controlled take down of US Unipolarity and replacing it with a monetary multipolarity. Behavior tells us this.
The controlled rally, the slam when it gets ahead of itself. The algo behaviorally showing up on buy side for weeks at a time. The west completely ignores hoarding of gold buy China. Their deafening lack of response to BRICS leaders openly challenging US hegemonic dominance was also notable. Does the US have a plan to keep as much of its power as possible? Yes.
It entails slowing the process as much as the ROW permits us, as we get prepared for a different global playing field. It means using our financial power more than ever before, if only to keep things in place a little while longer.
Lying about employment, Oil, Gold, and our commitment to freedom and democracy. It means keeping things together long enough to make sure when a new global economy is launched, we don’t fall too far behind.
And if push comes to shove, those in power will have their own lifeboats as the mothership sinks. You should get yours.
Market Gameplan (Charts):
Gold
Silver-
Oil
Stocks
BTC/ETH
Bonds
On Deck:
On deck and this weekend
TS Lombard’s Rory Green explores China’s need to balance what the BRICS want it to do with its domestic economy needs. It needs to do this before Donald Trump gets in office. (Very well written economic and geopolitical piece) How we think Gold will help China solve both problems
Premium: Sprott Uranium analysis
Various gold items
Founders: Very special bimonthly report for your reading pleasure just sent
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