With the Europeans delaying an inevitable reality with Greece, a false sense of calm allowed the yellow metal to retreat as worries subsided. But be weary of the pending Financial Cliff and continued quantitative easing. Once these issues come back into the mainstream, Gold should rise again. Today Gold slipped $7.90 @ 1741.70; Silver down $0.10 to 34.03/USD/oz. Oil dropped $0.40 to sit at USD$87.34. Recent low on Gold was $1675. The Euro is presently around the 1.2950/USD level with a resistance of 1.3000. The Canadian dollar maintains its’ strength even though the BOC Governor, Carney is leaving to take over the Bank of England. An ex-Goldman Sachs Man to hopefully straighten the devastation already accomplished and make a wrong a right again within England and the Euro zone.

Note-movements based on previous days closing market prices.