With focus now concentrated on increasing the debt ceiling in the USA, the printing presses are getting ready to create more money. As a result the commodities
have improved not only because of this scenario but because China recently showed signs that exports were increasing. Today Gold dips $4.00 @ 1680.00 after dropping toward $1626.00. Silver is also down $0.13 to 31.40/USD/oz after breaching below $30.00. Oil continues to run higher, up $0.87 @ USD$94.15, with improved economic activity and the potential of conflict in the Middle East oil could reach $200/barrel one day.
The Euro recently hit 1.3400/USD level, but a Euro Official yesterday claimed the Euro was overvalued and hurting the economy. It quickly retracted below 1.3300/USD$.
The Canadian dollar continues to be stable and strong sitting around 0.9850 in a very tight range, as employment numbers continue to surpass expectations.
Note-movements based on previous days closing market prices.
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