US$ is doing what it should have done months ago today, Dollar trade us standing at 82.170 down 84.7 points after dipping as far down as 81.935, Treasuries have reversed with the short termed trading higher with Notes/Bonds trading lower. Energy Products are up strong across the board with Crude Oil leading the way at $80.33 up $2.64 a barrel guiding the rest of the sector towards the same direction. Gold is up $30 with the trade at $1,580.40 after reaching a high of $1,585.20, Silver is doing its best to catch up with the trade at $27.225 up 93.4 cents after it reached a high of $27.425 pushing all the metals into a very strong Comex opening. All Grains/Softs are trading higher, today the USDA with tell us their version of acres planted and what is left over stock wise from the last season. Meats are mixed with Reds lower Whites higher. Paper Markets reversed a very heavy fall yesterday and is adding more to that reversal so far being up stronger than common sense would demand, especially when mortgage loans are still falling an average of 2% and an with economy that is still on life support. Today is the last day of the 2012 second quarter, this last quarter was an attempt to steer a titanic nightmare away from the bergs of discord. Whoever is captaining this economic vessel might have directed us right into another major berg of debt – head on laying plenty of doubt of all of us reaching our retirement destinations, unless one has bought their own life raft made of Silver and Gold. Enjoy your weekend and as always …. Stay Strong
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