With the turn of events and the scandalous realization that tons of Gold may not be stored in Vaults of Central Banks around the World; Gold may be ready to explode to new levels.

Are we witnessing the re introduction of the Gold Standard to bring stability back to World Governments?

Gold is up $7.00 to 1694.00/USD$ while Silver climbs $0.24 above $32.17. Oil is also up $0.26 @ USD$95.82 but up substantially over the last few months. With a potential conflict in the Middle East oil could reach $200/barrel quickly. The Euro recently hit 1.3400/USD level, but a Euro Official last week claimed the Euro was overvalued and hurting the economy. It quickly retracted below 1.3300/USD$.
The Canadian dollar weakened almost a penny as we await bank earnings regardless of employment numbers surpassing expectations.

Note-movements based on previous days closing market prices.

 

Don’t Forggetta About Me!  416-362-1300  1-877-943-6739

Philip Magnoli -My Friends call me Don Filippo- The FX Specialist- www.donfilippo.ca