Gold and silver tried to test the upper end of their ranges yesterday but have yet again lost momentum on the upside. Gold has been a steady favorite vs. silver, with the white metal losing momentum yet again as it neared $24.00 keeping the XAU/XAG ratio near its three-year highs @ around 62. Gold down $20 to USD$1453.90 and Silver down 0.29 to USD$23.60/oz.  Oil down 0.60 cents yet Oil Still above $96.00/Barrel.

 

A close below 1.0050 could see C$ rise above Par once again but seems unlikely as the Euro is having a hard time staying above1.3100/USD level. Canadian Employment Numbers are expected on Friday.

 

Note-movements based on previous days closing market prices.

 

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