GDP figures are in and the economy grew at 2.6%.

Welcome to Weekend Bite presented by Wall Street breakfast.

Commodities, like much of the broader market,

have been whipsawing back and forth amid a ton of volatility with energy as most of us know

leading the way up 60% year to date as of this morning. I'm Leslie Osmond and

joining us today is Andrew Heck a sought-after commodities and futures trader and top-ranked at Seeking

Alpha Marketplace author.

Welcome, Andy.

Thank you so much, Leslie.

It's a pleasure to be here with you. Well, as I mentioned, GDP news this morning was both positive and above expectations,

showing the economy grew at 2.6 percent,

with the markets immediately anticipating that the Fed may be successful with the markets immediately anticipating that the Fed may be successful

for the softer landing. Would you agree with the reaction of the commodities

markets? Well I would have gotten that one wrong because I expected the third consecutive quarterly decline in GDP.

So I think that that kind of throws the fed into a little bit of a tizzy here, you know, higher GDP and the latest inflation data, you know, the market's going to expect them to raise by 75 basis points, but this week Canada raised only by 50 surprising the market

so I expect a lot of volatility going into this Fed meeting I think that 50 basis points will be

bullish for the overall stock market and bullish for commodities because it will probably weigh on the dollar

But 75 might have the opposite effect so we'll see what happens how they interpret this

this GDP data. But with the mid turns coming up, it's going to be very interesting.

And you like to focus a lot on commodities. What impact do you believe that

the decision and rate hikes have on commodities, particularly precious metals?

Well, look, that the gold and silver, you know, are very sensitive to the US dollar and the interest rates.

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