With just a few trading days left in
2012 the fiscal cliff remains at the forefront of investor concern. The
President is apparently cutting his vacation short in a last minute
attempt to strike a deal with the GOP over spending cuts and
tax increases before the end of the year. With little on tap for
economic reports and with many market participants on extended Holiday
schedules, thin trading conditions are expected for the remainder of the
week. The sole economic report released today came
in the form of the S&P/Case-Shiller home price index which
indicated that the housing market is continuing to improve. The index
showed an increase of .7% for the month of October. Recent sell-offs in
the precious complex have given rise to some bargain hunting
opportunities. Plaitnum, palladium, gold and silver are all in positive
territory to start the day. Have a great day!
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