Gold may not be stored in Central Vaults but a more crushing blow would be the lack of power in our urban centers. We are all plugged in! Image life without power and how your daily routines would be affected? Our dependency on oil has been the result of big business and power hungry politicians manipulating our usage. Bring back dried cow dung? With prices escalating, there may be no choices left other than resorting to past successful measures. The market must have felt my anxiety and Oil dropped $1.13/barrel. My wife was concerned that I should fill up the car last night because the pump price was expected to rise 0.015 cents (Ha Ha). Gold slips $7.50 to 1685.70/USD$ while Silver climbs $0.13 to $32.31. With a potential conflict in the Middle East oil could reach $200/barrel quickly (Take the bus). The Euro showing volatility and the Canadian dollar continues to weaken after the BOFC rate decision, leaving rates unchanged.

Note-movements based on previous days closing market prices.

 

Don’t Forgetta About Me!  416-362-1300 1-877-943-6739  Don Filippo -The FX Specialist – www.donfilippo.ca