| Dear Andrew,
It's simply another on of those head scratching mornings when the price of precious fall in the face of global anxiety....The massive Greek debt situation, and growing Middle East jitters as Jordan decides how best to get revenge for the brutal killing of one of its military pilots at the hands of the terrorist group ISIS....Let's not forget the U.S. and Iran, nor NATO and Russia.....These are all festering pimples on the face of our geo-political environment.... Despite these worries; metals eased in overnight trading....We could assume that a good number of metal participants are stepping to the sidelines ahead of tomorrow's all important U.S. Monthly Jobs Report, but you know what they say about assumptions and body parts................ As for this morning's prices; Silver sits at $17.17 off 25 cents....Gold is $1261.00 down $3.00......Palladium is lower by $1.00 at $792.00.....Platinum is changing hands at $1237.00, off $6.00............ In the energy front; the price of a barrel of Oil is $49.29 up 76 cents....Its a modest improvement after yesterday's sharp sell-off at the heels of a big swell in inventory supplies...... As for currencies; Here's another reason to scratch your head today as the Dollar falls close to 9/10ths of a cent versus the Euro....Last trade $1.1433........... In stock market activity; Asia ended the day mostly lower with the exception of Hong Kong where prices gained about 0.35%.....Europe is currently weaker across the board with prices off by about 0.5% on average.....In New York the Dow is being called to open 52 points higher in the face of today's slate of U.S. economic data....Here's another head scratcher....Most of today's estimates show weaker comparisons....The Weekly Jobless Claims look to be 25,000 higher than last week....Look for 290,000 versus 265,000.....Not good!.....The Country's Trade Deficit is expected to be $38 billion as opposed to $39 billion....A bit better..........Preliminary Productivity for the 4th Quarter of last year is estimated to be up 0.2% versus 2.3%....Not good at all......What more can i say?.........Have a good morning....That's it
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Keep a civil tongue.