It appears as though an agreement on
the policies that threaten to hurtle us over the so-called fiscal cliff
will come down to the wire (Dec. 31st). Lawmakers appear
worlds apart on the economic philosophy of the situation and
you know talks can’t be going well when said lawmakers argue about
whether or not they should work through the Holidays! Market angst
continues to grow as the number of trading days continues to dwindle and
despite recent and relatively positive economic data.
The latest of which being a reading on November CPI that showed a
decline of .3%. Overnight, it was reported that Chinese manufacturing is
showing signs of recovery and while that supported Asian markets it
seems to have turned into a moot point ahead of
U.S. market open. The precious complex is mixed this morning following
yesterday’s sell-off. Palladium is the big mover so far having pushed
back to the $700, 1.27% up on the open. Have a great day!
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