Gold and Silver prices have been nearly flat this week. Spot gold is flat currently at $4,587 CAD though down from $100 higher since Tuesday. Silver pushed higher again to $53.83 CAD. US Dollar index DXY fell 1% to 97.10 before rebounding to a current 97.55. WTI futures are again flat this week, having ranged slightly lower $64-$67 with buying pressure coming from US-EU trade optimism following the Japan Trade deal announced Wednesday. Japan confirmed it had reached a deal which would see tariffs and vehicle import levies cut from 25% to 15%. The continued Risk ON market continues in Equities. Crypto has cooled with BTC falling 2% this week to $115,600 USD and ETH rose to $3860 before falling back to a current $3,629 - up 7.5% on the week. Equities continue to push higher into uncharted territory with the ES S&P 500 futures up 1% in the past 5 days to 6,421.25 and the NQ Nasdaq Futures up nearly 1% over the same time frame at 23,406 currently. S&P AeroSpace and Defense ETF XAR underperformed, now down 2% this week to $219.57. Weekly Jobless Claims fell 4000, to a 3mth low of 217,000. The Gold/Silver ratio fell 2% to 86.04 with flat gold and strong silver again. Longer 20 yr and 30 yr US government bonds both fell from just below the key 5% level to 4.93% respectively. Ai powered Government Contractor Palantir PLTR is flat this week currently $154.86. The probability of a 25 bps rate cut in 2025 as priced by PolyMarket fell 2 pts to 23%, the probability of 50 bps in cuts rose 6pts to 41% and the probability of 75 bps in cuts fell 7pts to 11%. Short term rates rose 3 bps in the 2yr to 3.92. While both wearing hard hats, President Donald Trump and Fed ChaIr Jerome Powell toured the current construction of the Federal Reserve Building on Thursday. Trump asked for details on the current $3.1 billion renovation cost prompting Powell to question where the President had gotten his number from. Trump handed a document to Powell, and they proceeded to discuss previous construction from some 5 years ago. The project is expected to be completed within 2 more years. Copper Futures HG, a leading indicator of economic growth, pushed to a new all time high of $5.95 USD/Lb, currently strong at $5.81.