Macro Strategist, Saxo Capital Markets

Kay Van-Petersen

Macro Strategist

Saxo Capital Markets

Event-Driven

<ul><li>China comes back in today, whilst the US is off on Presidents Day. We also have a host of Fed speakers, plus in Draghi &amp; Olsen speaking in Europe</li><li>On the Central bank minutes side we’ll get one from the RBA, with everyone focusing on the FED minutes. Decision wise, it’s a light week with really only BoK &amp; BI due, with a 25bp cut expected on the latter</li><li>Reflagging our structural call on the gold/silver miners, which has been the epitome of timing with Gold up +13% since the call &amp; the miners up +30% to +55%</li><li>Also what are my latest thought on some INILs? Time to break out the value investing manual &amp; perhaps also start screening for some yield plays</li></ul>

China comes back in today, whilst the US is off on Presidents Day. We also have a host of Fed speakers, plus in Draghi &amp; Olsen speaking in EuropeOn the Central bank minutes side we’ll get one from the RBA, with everyone focusing on the FED minutes. Decision wise, it’s a light week with really only BoK &amp; BI due, with a 25bp cut expected on the latterReflagging our structural call on the gold/silver miners, which has been the epitome of timing with Gold up +13% since the call &amp; the miners up +30% to +55%Also what are my latest thought on some INILs? Time to break out the value investing manual &amp; perhaps also start screening for some yield plays

The Macro Take: +55% Returns on Gold, INILS, WK Ahead

Goldcorp Inc

The Macro Take: +55% Returns on Gold, INILS, WK Ahead