Sorry for the late edition folks, just got off a plane from Dallas and I’m now in the office reviewing the market.
Dollar index is lower and the Euro higher this late morning, creating a Santa Claus rally in the precious metals.
Many Wall Street Traders are off till the New year, so I don’t expect any significant action until 2016. Metal retailers reporting some late buyers in the stores, but that’s the only way you can buy metal now to put under the tree.
The 2015 market of choice still very active today. Only Santa knows how low oil will go before the ball drops in Times Square.
I can’t spend too much time on my comment today. To be honest there isn’t too much
to write about today and besides I didn’t get a Christmas gift for my wife so I better get to it or for sure I’ll get coal in my Christmas stocking.
Author Name: Walter Pehowich
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