Did the labor market have a Happy New Year?

The jobs report for January highlights a busy week of economic news. Most economists expect continued solid gains in employment this year despite a low unemployment rate that’s spelling fewer available workers. Readings of consumer spending and confidence as well as manufacturing activity should help round out a snapshot of an economy that’s been firing on all cylinders lately. And the Federal Reserve meets, though policymakers aren’t expected to raise interest rates.

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Clive Maund: Gold Market Update

The key message of this update is that gold is getting closer and closer to breaking out of a giant Head-and-Shoulders base pattern that started to form back in the middle of 2013 and to point out that it won’t be stopped from doing so by any minor short-term reaction, especially as the dollar has just broken down from a giant top pattern and looks set to plummet, notwithstanding any near-term rally to alleviate its oversold condition.

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