Last week the Federal Reserve came out with a statement that they would not taper the $85 Billion purchase of toxic assets any time soon due to prolonged weak economic fundamentals. Commodities soared, the equities exploded higher as liquidity would remain. Then the next day water was splashed on the fire and hell froze over as a representative form a branch of the Fed made a comment that tapering would likely occur in October. The markets remain calm for now as Oil came down large to USD$102.80 <0.23> after Obama was schooled by the Russians avoiding Military action on Syria.

Gold is now at USD$1337.30/oz +13.20 and Silver after testing USD$24.50 is now at 21.79 +0.02, leaving the Gold Silver Ratio at 61.37.

Note movements are based on previous days close.