Gold and silver are continuing their rally today

Gold and silver are continuing their rally today as the EUR has gained some ground against the dollar. For most of the US session gold has been pressing up against and making new highs. The most recent run in gold can be attributed perception that the world’s major economies will stop at nothing to prevent systemic failure of their financial systems. The United States, China, and the EU have all showed their willingness to provide some type of quantitative easing to prevent further pain from world’s most recent recession. In the end each will have in some way or another devalued their currency hence causing further inflation.

Platinum and palladium have been somewhat more subdued this session as some of the industrial metals have slowed their move to the upside. The most recent action in the PGM’s has been on the back of the news that one of South Africa’s largest mines has been dealing with a workers strike. In addition, the recent “risk on” caused by expectation of further easing has helped the entire commodities complex build momentum to the upside. It looks as if the precious metals will continue to be strong in the near future.

Metals	Last	%Change	Low	High
Au- Apr	1787.2	0.90%	1773.3	1788.5
Pt-Apr	1724	0.17%	1716.0	1736.5
Pd-Mar	718.45	0.15%	713.20	725.85
Ag-Mar	35.325	3.11%	34.230	35.330
London	AM	PM	Minor	PGMs
Au	1776.5	1777	Rh	1540
Pt	1728	1729	Ru	135
Pd	721	713	Ir	1100
Ag	34.55	DJI	12982.64	43.97
Currencies
	USD	EUR	JPY	GBP
USD	0	1.3306	0.012469	1.5697
EUR	0.7515	0	0.93705	1.1797
JPY	80.2	106.71	0	125.889
GBP	0.637	0.84768	0.7944	0
Crude Brent	122.75	Comex Copper	380.4
Crude WTI	106.78	Nat Gas	2.587
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES