Though the year isn’t over nor have the financial issues disappeared there were high expectations for 2013 for the commodities to simply explode to new highs. The physical market may be booming but it is the paper market and derivatives which seem to be severely manipulated. Gold recoups $6.70 @ $1,3713.30 while Silver inches up 0.03 cents @ $21.72USD/oz, both have lost substantial value from the previous years record highs. On the other hand with tensions still high on the Israeli/Iranian nuclear debate, Oil has gained recently and now sits @ $98.50/USD /Barrel,  as we all feel it at the pumps. The C$ slips below 0.9800 and the Euro continues to climb above 1.34/USD level. With high youth unemployment in Europe it is surprising the Euro is as strong as it is. Manipulation?

Note: Movements based on Previous Days Market Close.

 

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