Greetings!, You say potato I say po-tah-toe. It's not simply a matter of whether you and I pronounce potato differently, Rather it's identifying the word itself. We have seen the precious metals markets, specifically gold, trade this week as both a risk on-risk off investment and a safe haven investment. That is to say that the price rises we witnessed at the beginning of this week were influenced in a bullish manner by the European debt crisis. Today we saw gold trade as a risk off investment - also influenced by the European debt crisis - but with a bearish influence. Throw in the strengthening of the U.S. dollar and a softening in China growth and we had a bit of a give-back Friday. Although gold closed well off its intra-week low, today's session gave back a healthy portion its gain. Still, all in all, gold closed up on the week. The same cannot be said for silver: it gained 2-1/2% yesterday then gave back 2-1/2% percent today. Who said that adults do not ride roller coasters? As always, wish you good trading, Executive Producer PLEASE NOTE: The subscribers' and members' service area has been thoroughly upgraded and will offer you a seamless and effortless way to gain information about your account. Also new is our help desk. This system allows you to ask questions and get responses and solutions quickly. Lastly we will be introducing our virtual trading room over the next month. This virtual forum will allow up to 25 subscribers at one time to gather, learn and collaborate. |