The virtual currency Bitcoin has soared to over $900USD, after a US Senate committee hearing were told virtual currencies are a “legitimate financial service” with the same benefits and risks as other online payment systems. “From a distance, it very much looks like it could be a speculative bubble. It’s a small market, with a lot of interest in it, which is inflating and distorting the price,” “But you can see the concerns for governments – this is a currency outside their normal domain and which is not influenced by central banks. Gold rises +1.90 at $1,274.20USD/oz; Silver flat to 20.36 +0.0 leaving the Gold Silver Ratio at 62.58 widening from historical norms, something has to give? Oil little changed +0.10 @ USD$93.13/Barrel.

Note movements are based on previous days close.

My friends call me Don Filippo- The FX Specialist-www.donfilippo.ca

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