On Superbowl Sunday millions of dollars were spent on food and wagers. Bets ranged from gentlemanly to “the mortgage ones’ life”. The loan sharks are trying to collect this morning knowing many have no means to repay their debt. I am sure that body parts are becoming the currency of choice as the criminal element displays no conscience toward the addicted gambler.

Isn’t it coincidental that Toronto is considering a downtown Casino to take advantage of the potential win fall? In my opinion, Government should govern not act as the House! Social Costs will out weigh the benefits. Yet I still wouldn’t want to be a chicken.

Today Gold is up $5.50 to 1676.16/USD$/ Silver slips $0.10 to $31.85. Oil retreats $1.12 to $96.65USD$/barrel. With a potential conflict in the Middle East oil could reach $200/barrel quickly (Take the bus). The Euro falters yet maintains strength around the 1.3550USD level. The C$ is stable as potential fireworks are around the corner.

Note-movements based on previous days closing market prices.

 

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

416-362-1300  1-877-943-6739