With deflationary pressures mounting in the Euro zone, the ECB took action by lowering rates 0.25%. This proactive response is meant to counter the more concerning and damaging effect of deflation. When prices are reduced and borrowing is based on values it is much more difficult to extract funds from non performing assets to borrow and invest. Thus Gold drops $11.20 now at $1,306.50USD/oz; Silver slumps to 21.58 <0.19> leaving the Gold Silver Ratio at 60.54. There is now a preference in India for Silver as Gold restrictions imposed by Indian regulators. Oil breaks the $94.00 level <0.82> @ USD$93.98/Barrel. Are lower prices at the pump coming? Who cares, when drivers are being gauged and families on limited budgets make choices to either drive and go to work, take the bus for the 4 hour daily commute or eat? Poverty Sucks!

Note movements are based on previous days close.