The paint, with which the Obama Administration had painted itself into a corner with, appears to be

The paint, with which the Obama Administration had painted itself into a corner with, appears to be drying up and it looks less likely that the U.S. will have to resort to strategic missile strikes against the Assad regime. It’s been reported that the Syrian government has agreed to a deal, proposed by Russia, that would place the country’s chemical weapons stockpile under control of the international community. The details of the arrangement don’t yet exist but that doesn’t seem to be worrying anyone. Chinese data released overnight  is lending its own support to the positive sentiment this morning. The world’s #2 economy had a number of positive economic reports including report on annual industrial output which rose 10.4% last month. The DJIA has moved nearly .5% higher at the open while gold is down more than 1.5% to start the day. The yellow metal now trades $1364 after closing Monday’s session at $1386.70. Silver off roughly 3% from yesterday…now trading $23.00 after closing the previous session at $23.717. Palladium is bucking the precious complex trend, trading nearly 1.5% higher at $693 this morning. With tensions fading in the Syrian situation, investors will look to next week’s FOMC for further direction. Have a great day!