Money has been flowing into the Swiss Franc

Gold made all time highs overnight as concerns with the Euro system come to the forefront again reaching 1921. Money has been flowing into the Swiss Franc and the Swiss announced an intervention to defend a 1.20 price. At this point gold dropped $40 on the news pointing to the fact that there are many weak and uncommitted hands in this card game. But still the stock market continues to take a beating and gold recovered from its lows. However the rest of the precious metals are weaker as the industrial demand factor weighs heavily on the rest of the group. ISM Manufacturing number came out 53.3 much better than expected which is a positive news for ht US economy but this number is not one of real focus for most of the players. Expect continued volatility in this anything goes market.

	DEC-Z	DEC-Z	Oct-V	DEC-Z
9/6/2011	Gold	Silver	Platinum	Palladium
Last	1,903.70	42.605	1,875.20	758.85
Price Change	0.90	(0.73)	(18.30)	(6.20)
Current Low	1,903.70	41.715	1,875.20	759.65
Current High	1,923.70	43.445	1,900.00	781.90
EFP	2.40/2.90	.04/.09	2/6	1/5
	Rhodium	1,875.00	Ruthenium	175.00
			Iridium	1,100.00
London PM Fixes:
AU	1,895.00	PT	1,866.00
PD	761.00
London AM Fixes:
AU	1,891.00	PT	1,877.00
PD	766.00	AG	41.8500
	Last	Low	High
EUR	1.4051	1.4281	1.4052
JPY	77.36	77.61	77.38
GBP	1.6012	1.6206	1.6013
Crude Oil -CME	84.82	Copper	4.04
*PLEASE NOTE THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES