Friday, December 14, 2012

It appears as though an agreement on the policies that threaten to

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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