Gold and Silver prices are mixed this week. Spot gold is flat currently at $4,560 CAD though down from $35 higher since Wednesday. Silver rolled over to $50.71CAD. US Dollar index DXY rose 2.5% to 100.05 on the back of trade deals and held interest rates at 4.25-4.5%. US Inflation remained steady at 2.7% likely due to tariffs and the US labour market has been steady with unemployment near 4%. Trump expressed anger at the Fed decision calling Jerome Powell “TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job….” While Trump has raised Canadian Tariffs to 35% blaming Canada’s support for Palestinian Statehood, he dropped most EU goods to 15% and Japan (from last week) to the same level with a $550 billion Japanese investment package. WTI futures rose this week, briefly above $70 and currently $69.46. Equities fell 1% with a 100 handle drop on Thursday alone on the FOMC announcement of held interest rates. ES SP500 futures are currently near the low of the week at 6,364.75. Crypto has cooled with BTC falling 1.7% this week to $115,700 USD and ETH rose to $3687 - up 3% on the week. S&P AeroSpace and Defense ETF XAR underperformed, now down 1% this week to $216.54. Weekly Jobless Claims rose 1000, to 218,000. The Gold/Silver ratio rose 3% to 89.89 with flat gold and weak silver pulling back to $50. Longer 20 yr and 30 yr US government bonds both fell 3bps to 4.90% respectively. Ai powered Government Contractor Palantir PLTR is up 2% this week currently $158.35. The probability of a 25 bps rate cut in 2025 as priced by PolyMarket rose 9 pts to 31%, the probability of 50 bps in cuts fell 12pts to 29% and the probability of 75 bps in cuts fell 3pts to 8%. Short term rates rose 3 bps in the 2yr to 3.95. US Comex Copper Futures HG, a leading indicator of economic growth, fell hard, down 24% to 4.42usd/lb on news of a surprise tariff exemption. London Metals Exchange 3 month copper fell 1%.