American Civil Servants are being asked not to report to work as the budget process is being held hostage. The Republicans and Tea Party want to reduce or eliminate Obamacare in order to compromise and increase the debt ceiling. But Obamacare, will be the Presidents legacy. In the land of milk and honey the majority make life and death choices based on affordability. It is a travesty that a Country as advance as America base the healthcare of the Nation on profit rather than well being. Isn’t common sense to think a healthy Citizen would translate into wealthy Nation?

The markets remain calm for now as Oil up 0.32 cents to USD$101.93. Gold is now at USD$1299.70USD/oz <7.50> and Silver after testing USD$24.50 is now at 21.93 + 0.04, leaving the Gold Silver Ratio at 59.26.

Note movements are based on previous days close.

Sincerely,

Philip Magnoli –  My friends call me Don Filippo – The FX Specialist – www.donfilippo.ca  416-362-1300  1-877-943-6739