by J. Johnson
Great and Wonderful Monday Morning Folks,
The precious metals algo’s are doing their very best to tell you there is nothing to worry about with Gold trading at $1,583.90 down $4 and recovering after being knocked down to $1,577.70 which occurred only after Gold spiked at the open, reaching $1,598.50, that is before the calming down was applied. Silver is, of course, leading the calming with its trade at $17.805 down 20.7 cents after hitting a low of $17.705 with the opening spiked high at $18.125. The US Dollar is all the rage this morning with its trade up 29.2 points at 97.505, close to the high at 97.550 with the low to beat at 97.230. Of course, all of this happened already before 5 am pst, the Comex open, the London close, the first day of England’s divorce from a very bad union, and the 49ers beating that took place after a rather pathetic Hollywood halftime show with the worst commercials ever.