With a potential resolution to avert military action by the Americans the value of commodities have pulled back prior to President Obama speech this evening. As Oil, Gold and Silver advanced on the possibility of War, the Russians have proposed that the Syrian Assad Government hand over all their biological weapons and give President Obama a saving grace hand to avert a potential unpopular decision at home. As a result Oil after surpassing UD$110 has retracted to 106.88<2.63> today. Gold after recently reaching USD$1,400 is now at USD$1362.40<24.20> Silver after testing USD$24.50 is now at 22.93<0.76>, leaving the Gold Silver Ratio at 59.33.  Equities will advance and the USD$ will fall if Military Action is averted.

Note movements are based on previous days close.

Best Regards,

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

416-362-1300

1-877-943-6739