FLASH GAGE – Equity and S&P UP / Gold Down on Trump Tax Mention

President Trump meeting with airline executives at the White House this morning announcing
to the American people you will be very pleased with my tax plan that will be announced soon.

Equity markets react positively to the news. S&P hitting an intraday high after the news. Gold declining off the news as we view the dollar and Ten Year treasury yields up on the news.

The CME WATCH TOOL indicator, for the possibility of a rate hike in March up slightly on the news, up from 4 percent chance to 9 percent. Still nothing to be concerned about.

Levels of support indications are $ 1228 in the April gold contract and $ 17.48 in the March
Silver contract. I expect if these levels are violated we will see the current rally over for a while, but my sense is they will hold.

Have a wonderful Thursday.

Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisors with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.