Monday, November 24, 2014

Nothing has happened over the weekend.

Nothing has happened over the weekend. The world is expecting easing out of Europe and Japan with lower interest rates in China the investment money looks for better returns. At this juncture those returns are found in US dollar based investments. This keeps the US dollar in a strong position and maintains downward pressure on gold and silver in the face of bullish indicators. Platinum and palladium are also under the  same pressure and technically they look oversold. Yet for the bulls to see an upward momentum to push these markets out of the doldrums it will take a significantly powerful catalyst. No US data today of real import, GDP tomorrow and Durable Goods report on Wednesday. Expect this week to be very quiet ahead of Thanksgiving day holiday in the USA.

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