Jobs Go Up – Gold Trends Down July 7, 2017 “Un” Garde! North Korea Situation Demands Attention…while Jobs Report Could Demand Rate Increase? First…the Jobs Report The monthly employment update from the U.S. Labor Department landed this morning with a bit of a boom. After a seeing a very volatile Thursday, Gold has actually not reacted as much as you might expect, this morning. After a short UP tick, the yellow metal has moved down to around $1,216 as we go to press. So it appears the Gold market had already factored in a tighter monetary policy from the Fed. And the positive Job Report will certainly strengthen that Fed trend. U.S. employers added 222,000 jobs in June. Those numbers are well above estimates. Possibly even more significant, wages inched up, too. It’s likely this strong jobs number will also buoy the case for another interest rate increase this year from the Federal Reserve. Silver also making news, taking a dramatic overnight drop to a 15-month low of $15.54. So far, no news or development has been tied to this “flash crash,” but it’s thought a large sell order hit the futures market sparked the action. Onto the World Stage North Korea’s saber-rattling has returned to the world stage front and center, with a successful ICBM test indicating that their (now) advanced weaponry could indeed threaten U.S. interests in the region—and possibly the shores of Alaska. If this situation intensifies, safe haven demand for the yellow metal should continue to go up, as one might imagine. President Trump is talking tougher than ever and has indicated that something will be enacted as an official U.S. response. But what, exactly? Cooler heads can hope that sanctions or bi-lateral pressure from China might take the sting out of the situation, but both militaries are on extremely high alert. Trump is also slated to meet with Russia’s Vladimir Putin today in a closed door meeting. Without a doubt, this subject will be on the discussion list. Have a wonderful weekend… Disclaimer: This editorial has been prepared by a Dillon Gage Metals senior staffer. 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 advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.