| Dear Andrew,
Metals gained ground in overnight trading as a debt laden Greece begins its I.O.U. renegotiation with International Monetary fund (IMF)....Adding further support to the metals was Jordan's swift initial revenge response to the brutal ISIS murder of one of its military pilots....Two convicted Islamic extremists belonging to the terrorist organization were executed early today....According to a Jordanian spokesperson, that's only the beginning.....Wow!!!! As for metals prices; Silver is 10 cents higher at $17.45....Gold bounced by $9.00 to $1268.00 per ounce.....Palladium sits at $797.00 up another $7.00.....Platinum edged up by $1.00 with the last trade being $1243.00..... Yesterday's gold price decline came at the hands of traders who desperately wanted to jump on board the Oil price driven U.S. stock market rally.....The Dow soared by 305 Dow points.....Traders in a panic mode shifted money quickly from their gold holdings to the equities market ..... This morning we are seeing some profit taking in the Oil markets ahead of today's Weekly Oil Inventories.....Adding pressure to oil prices is a weaker Euro currency against the Dollar.....Last on the Euro $1.4444 off about a third of a cent versus the Greenback..... This morning's U.S. economic data includes the ADP Private Sector Employment Survey.....The estimate calls for the creation of 230,000 jobs versus 241,000....This will be followed by the January ISM Services Report....If you do not already know; the U.S. is a services oriented economy, not manufacturing as it once was......The Street expectation is a reading of 56.5, unchanged from December.....With the data considered, the Dow is expected to open lower by 22 points....So that's it.....Have a good morning....
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