What a day as Gold slammed an additional $149.10 @ 1352.00/USD/OZ, it did breech USD$1350 at one point. While Silver gets beat up as well down $3.90 @ 22.65USD/OZ after testing $28 /OZ the previous week. No commodity was immune as even Oil was slashed $3.90 to $87.39USD/Barrel. There may be something sinister brewing as there is speculation that a Major Financial Institution with losses greater than any Government can bail out is about to crumble, as investors and citizens are about to eat humble pie. Sinclair mentioned the other day Americans and Canadians will be left in dismay when their wealth will be taken away from underneath them and then wonder what happened. The day may soon be near, lets hope I am wrong.

 

Note-movements based on previous days closing market prices.

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