Hitting The Pause Button: Gold & Silver Have Been Paused But The Week Might Not End That Way

from SilverDoctors:

SD Outlook: There’s lot’s of reasons to get bullish on gold & silver this week, as long as we can get through today and tomorrow. Here’s the details…

Those who aren’t pausing are the various Fed Heads.

Rant on:

In fact, we’ll be getting a heavy doses of Fedspeak through Hump Day:

Seven times before Wednesday to implement the Fed’s favorite policy tool: The “Jawbone”.

They’ll be looking to clarify anything that is still left in the air from Powell’s first Humphrey-Hawkins Testimony, and we can be sure the mainstream financial press will cheer-lead all the way.

The week is also important because of what we have coming down the pike on Friday:

Recall that while everyday is a day for smashin’ the metals in the eyes of the cartel, this Friday is one of those “extra special” days: Non-farm payrolls.

And if for some reason the markets do not like the number of jobs that were created in the month of February, you know, because it was only transitional because the weather was too cold, or was it too hot, ah, either way, Evans will be there to give the needed spin in the early afternoon in case the BLS Jobs Report does cause some indigestion.

– Rant off.

The big fundamental news of the week, however, would be if there is increasing talk or actually action with regards to President Trump’s proposed tariffs on steel and aluminum. The world stands by ready to see what is to come of The trade Wars.

Today, the President is already seeming to take the position of “Tariffs first, negotiations later”.

We have large trade deficits with Mexico and Canada. NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs. Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed. Also, Canada must..

— Donald J. Trump (@realDonaldTrump) 5 March 2018

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