Morning Outlook from the Trade Desk 02/14/12

Discussion in 'Gold' started by metalsmtl, Feb 14, 2012.

  1. metalsmtl

    metalsmtl New Member

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    I appologize for the missed day yesterday, I've been travelling to and from California for the Cambridge House Resource Conference. Turns out Palm Springs is gorgeous, certainly a drastic difference from the cold back home in Montreal.

    This morning's headline from the Orange County Register: Obama - Spend to grow...

    My American relatives are greatly concerned and critical of this approach.

    The Greek parliament voted although it wasn't with conviction as 40 odd members voted against the austerity program and were thrown out of the Government. The streets of Athens are certainly not a model for an Expedia ad. Although the EU is still awaiting guarantees that this vote will hold no matter the outcome of the April elections and civil violence may continue, the psychology of the vote passing has given a lift to European equities and US futures are up ahead of the open. The vote translated into support for the metals but follow through is now needed. Would suggest buying on dips would be the trade of the day.

    Regular posts to resume Thursday.
     

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