Little to report this morning as it was no surprise to most people that watch the market that gold succumbed to downward pressure yesterday

Little to report this morning as it was no surprise to most people that watch the market that gold succumbed to downward pressure yesterday and the rest of the precious metals group followed. Even palladium has suffered from the recent short side selling. But more telltale signs may be the abandonment of investors from the gold market as seen in Bloomberg ETF report with a decline in the past month of 18.5 tons. The market will most likely remain under pressure as the US Dollar surges in strength on the recent positive economic outlook and the belief that the US economy will continue to improve. As mentioned yesterday the Retail Sales number on Friday will be an important indicator of things to come. Tomorrow’s release from China about their Consumer Price Index should be watched as well.