Once Gold closed below USD$1627.60 on the weekly chart, we saw it plummet toward the USD$1525.00 level. A break of this point may have sent the precious metal toward the USD$1400 or lower. A combination of disappointing employment numbers and rumours for more liquidity from the Federal Reserve, Gold reversed its’ course and skyrocketed above USD$1600 once again. Commodities have been extremely volatile of late. Today Gold slips $5.60 @ 1616.50; Silver dips $0.35 @ 28.14/USD/oz. Oil on the other hand has dropped nearly 20% over the last month, but don’t be fooled, this is strictly a manipulation and with the threat of Israel attacking Iran over its’ Nuclear program we could see oil hit $150-$200/barrel in the near future. Today Oil is down $0.35 @ 83.05/barrel.The Euro is presently around the 1.2500/USD level, with the potential to fall further. The Canadian dollar recently came under pressure because of the fall in Oil the question I ask, how long will this last? Broke below 0.9600 cents.

Note-movements based on previous days closing market prices