On Friday, we get the all-important jobs number out of the United States, and that of course will have the market focusing on the United States, however, don’t forget that this tends to move the markets in general, so more than likely we will get a knock on effect everywhere.
1 – At this point in time, it looks as if the precious metals market will probably still be an area that can be invested in, as there is more than enough fear and concern around the world to keep markets looking towards the safety aspect of owning precious metals. On top of that, the US dollar looks very vulnerable at the moment, and if it continues to lose ground, it’s very likely to push the precious metals markets higher as well.
2 – Looking at the energy markets, it seems that we are getting a bit of a reprieve, but at the end of the day we think this will only offer put buying opportunities given enough time. We have no interest in buying calls, this is a market that simply is bouncing after been oversold in our opinion, and as a result should settle back down into the longer-term trend fairly soon.
