The numbers this yesterday morning provided some indication that the market may slowly be turning as housing numbers although negative were spun in a positive light. This positive spin may have been the catalyst to an implosion in commodity prices as Gold tumbled USD$40.20 to 1563.90/USD$/OZ. Silver took it on the chin $0.90 to $28.53 USD/OZ. Meanwhile Oil dipped $2.20 to $94.46USD$/barrel. Even with threats by North Korea threatening the South with it’s’ ‘final destruction’ the fear factor and potential nuclear fallout, was overlooked as the ‘completely inappropriate use of diplomatic language’. The North response was “A new born puppy knows no fear of a tiger”.
Note-movements based on previous days closing market prices.
Don’t Forgetta About Me!
Philip Magnoli -My Friends call me Don Filippo- The FX Specialist-www.donfilippo.ca
416-362-1300 1-877-943-6739
I think I love you!