First day back in the office after the New Year! Roads were pretty crowded this morning as everyone’s vacation has come to an end and children are back to school!

Good Morning,

First day back in the office after the New Year! Roads were pretty crowded this morning as everyone’s vacation has come to an end and children are back to school! It’s great to start the first trading day of the year with the metals trading on the upside. Gold is trading higher this morning due to physical buying from the Chinese markets. It’s nice to see gold trading above 1200, but investors still remain bearish due to an improving economy and the Fed scaling back its asset purchase program. We expect gold to see some temporary support during this time until we hear new information pertaining to monetary policy. We saw a jump in PT this morning due to shorts exiting their position. Jobless Claims for the week ending 12/28 are down 2,000 with a figure of 339,000 vs. previous claims of 341,000. Have a great day everyone!