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    JM Bullion Weekly Market Preview (1/16/17)

    Market Overview: All U.S. markets are closed today in observance of Martin Luther King Day. Gold and silver are moving higher elsewhere, however, as global equity markets sag. The clock is rapidly ticking towards Friday’s inauguration of the next President, Donald Trump. With his presidency comes many unknowns, both economic and geopolitical, and some significant changes could potentially be seen. Investors will be looking for some solid signs of progress to take shape quickly, and for the first few months will likely give the new administration the benefit of the doubt. Things could change quickly, however, if it appears that the administration will not be able to deliver on some of its plans including a large fiscal spending plan and corporate tax cuts.

    Key Data Points: There are n major economic releases scheduled for today. Investors will have plenty of economic data to chew on the rest of the week, however, including Empire State Manufacturing Survey, CPI, MBA Mortgage Applications, Beige Book, Weekly Jobless Claims, Housing Starts and more.

    Friday’s inauguration of America’s 45th President is also likely to be a major talking point this week.

    Outside Markets: Stocks may open under some pressure on Tuesday, but equities remain not far from recent highs. That being said, however, stocks appear to have been deflated and have thus far not exhibited enough strength to make another push to fresh all-time highs. Some analysts believe the Trump rally has perhaps run its course, and some are even expecting a large sell-off once Trump takes office. While these fears may potentially be overblown, investors will want to see some quick progress being made on Trump’s economic policies if the rally is to continue.

    The dollar index has pulled back from recent highs as well, and the dollar bulls may also be taking a wait and see approach as the new administration takes over.

    The Big Picture: With the new Presidential administration taking over on Friday, investors will be paying close attention to see how the administration delivers on many of the economic plans it has discussed during its campaign. While fiscal spending may boost economic output, it remains unclear just how much of a boost the economy might get and whether or not such a boost will be sustainable.

    With so many major geopolitical issues also needing attention, investors could potentially look to gold and silver as a perceived safe haven. A trade war with China or increasing worries over Russia are just some of the potential issues that could drive risk aversion and fuel buying in precious metals and other perceived safe haven asset classes.

    Disclaimer: All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.

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