The big buzz this morning was

The big buzz this morning was the September gold imports of gold from Hong Kong to Mainland China in September. It appears that the price collapse that month was a discount to good to let pass and they brought in 57 tons of the yellow metal, a very bullish signal on their part. Today’s continued focus is the lack of real resolution to the issues in the Euro Zone and the concerns of the Italian debt crisis. SPDR Gold Trust has added to its bottom line another sign that many are wanting that safe haven asset back in the portfolio. Still for the short term gold looks like it is going to try to break up over the psychological resistance of $1800, which it sure looks attainable at this moment. Palladium is making a significant move to the upside possibly on the news out of Russia recently that the elusive Russian Palladium Stocks are finally coming to an end. Another not so big news item but still starting to make rumbles is that a new report will show that Iran has been working on Nuclear warheads. This may be the straw that breaks the camel’s back for the Israelis. Tensions are definitely rising, pray for peace. No real news items of import out of USA today.

11/8/2011 10:34	Last	%Change	Low	High
Au- Dec	1,791.70	0.03	1,785.10	1,798.60
Pt-Jan	1,665.00	0.42	1,646.80	1,672.40
Pd-Dec	675.60	2.06	657.10	679.65
Ag-Dec	34.760	(0.190)	34.505	35.140
EFPs	Au 1/1.70	Pt 2/6	Pd .25/4.25	Ag -2/4
London	AM	PM	Minor	PGMs
Au	1,794.00	1,795.00	Rh	1700
Pt	1,661.00	1,661.00	Ru	140
Pd	672.00	673.00	Ir	1100
Ag	34.64	DJI	12,043.41	(24.98)
FX	Last	%Change	Low	High
EUR	1.3784	0.05	1.3720	1.3844
JPY	77.82	(0.29)	77.57	78.10
GBP	1.6070	0.08	1.6031	1.6113
CHF	0.8964	(0.43)	0.8918	0.9072
Others	Last	%Change	Low	High
Crude- Dec	95.990	0.490	97.110	95.230
Copper-Dec	3.533	(0.070)	3.590	3.520
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES