The previous night the World awaited, with anticipation, the ‘State of the Union’ address by President Obama. Entering the historical chamber, high fives were exchanged with the participants as he made his way to the podium. We would tend to believe that his proclamations will become reality, even after the standing ovations received. Was there any substance to his words? Maybe, but the obstacles will be there and his effectiveness curtailed possibly out of prejudice and jealousy. Look forward to another lame-duck term.  Gold edges higher $2.60 to 1647.80/USD$ while Silver ticks up $0.03 to $30.90. Oil also rises $0.55 to $97.57USD$/barrel. The upcoming G20 may start to provide more stimulation to the global economy. Will anyone what to be my Valentine? 

Note-movements based on previous days closing market prices.

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

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