After disappointing initial claims and retail sales hurt the USD, gold was able to spike to 1300 yesterday for the first time since November 8th. Janet Yellen was unable to speak yesterday since D.C. was covered in snow.

After disappointing initial claims and retail sales hurt the USD, gold was able to spike to 1300 yesterday for the first time since November 8^th. Janet Yellen was unable to speak yesterday since D.C. was covered in snow. Platinum and Palladium traded higher yesterday as South Africa concerns continued to fuel higher. The DJIA managed to close on the upside at 16027.59 despite weak retail sales. Investors are trying to determine the path for gold since it broke above 1300. Bulls feel there is potential for the metal to move higher if the Fed tapers in continued increments and if India eases its import restrictions. Bears are anticipating the drop, it’s just a matter of when. Based on all this crazy weather, it looks like we can expect February’s NFP numbers to be skewed once again! This is the week the Bureau of Labor Statistics goes around to do their survey for their jobs report and if people have not been going to work and getting paid then perhaps February’s report will miss expectations. Have a great day.