December 18, 2012

Currency roll-over has occurred and now our trading month is March with the US Dollar trading lower by 8 points at 79.540 inside an 18 point trading range, all Treasuries are actually trading lower but barely. Energy Sector is higher with Crude Oil now trading at $87.71 leading prices higher. Gold is trading higher by $1.20 at $1,699.30 after reaching $1,704.40 within the tightest range I’ve seen in years ($7.10). Silver is higher as well with the trade currently at $32.435 up 15.5 cents after reaching as high as $32.60, Copper is trading in the negative at present as we get closer to Thursday’s Triple Witch Day. All Grains/Softs are trading lower, Live Stock Sector is trading in the positive as are the paper markets. Are we going to see our Congressional failures come up with a higher tax plan on Thursday, the same day as the Triple Witch hits? Time will tell and we’ll hopefully see the precious metals move in the direction they are suppose to based on Supply and Demand…. Stay Strong!!