 Gold and silver and actually also WTI and print had a nice run on Friday after the NFP Labor market a job start out of the US was not as strong as expected markets were not asking themselves Or didn't try to value those data points those NFP numbers just by themselves but they asked what the Federal Reserve might think about them and They asked about Did those over those numbers strong enough to a warrant a rate hike in September? And actually the answer the markets have on Friday is that they don't and so this is positive for silver This is positive for gold. This is also positive for the time being for the stock markets for equities Which went up. We also have Asia this morning. They hung saying going up on a new year yearly high Hang saying has built or has formed an inverted head and shoulders pattern There's still seven percent to go to the target of that bottom information. So, yeah Asia is very strong this morning So is the Taxations of the DAX this morning the European stock should profit from those Yeah, hopes that rates in the United States will be lower for longer Very positive is that gold is rising vis-a-vis with equities It's going up at the same time as equities are going up And this is a very positive sign because it's a signal that the bear marketing gold in the precious metal sector has ended Yeah, if you look at the United States, there's another Development of note in my opinion auto data. They have statistics for the sales numbers of automobiles in the United States. They had 17.9 million cars sold on an annualized basis just some months ago So you can take the monthly data and just Calculate them to the whole year just annualized them and Just some months ago. There was a peak of seventeen point nine million now We are at sixteen point nine eight million sold cars on an annualized basis in the United States So actually sales are going down economic growth isn't as strong as expected and The bumper is that Ford the car maker thinks that the peak of Sales has been reached and they are not speaking about the peak in the summertime, but they speak about the peak from 2009 until Now sales have been going up and up and up When it comes to old automobiles, but now the peak has been reached and Ford expects That sales will go down from now very interesting in my opinion So there's still a lack of growth globally so G20 the G20 States and politicians and officials a meeting in China pledged to boost growth again I don't know what they want to do. They didn't give any details, but they All together stand for more growth on a global basis So it's interesting to see what they want to do because actually the dead load of virtually every Government worldwide is just so high that it's not possible to get even more debt to finance any Fiscal stimuli. So let's see what is really going to happen this week Or with a high probability is that the ECB a European Central Bank is going to Talk about their QE program, which is actually Stabilizing growth in the eurozone, but not as much as the ECB wants it to be So actually they or markets expect at least that Mario Trager, which hasn't been Which he didn't Publicly speak for for many many weeks now. He will be on Thursday early afternoon He will be holding a press conference after the ECB published their Yeah, communicate and Actually markets expect that Mario Trager will Lengthen the QE program of the ECB Because everybody expects that by mid-March where this program will actually end that by mid-March 2017 Conditions for inflation and growth will not be met yet actually. So Everybody expects that he does say something about the QE program on Thursday. If not Then he will do so on October or at the latest in December to prepare the markets that there will be more Cheap money and more liquidity coming from the ECB