I See Shine

All the markets basically are in the red this morning to start, except Gold which is trading just shy of  that 1680 all important level and Silver is @ 3185. Let's see as the day progresses if we can perch above these levels and get something cooking.

The Equity futures are down about 40 points in the dow and the chart looks like it wants to roll over. A few negative headlines I see this morning is the $780 million fine charged to the Royal Bank Of Scotland and sorry folks, the United States Post Office is broke and it is now official, that they will stop delivering the mail on Saturdays. Criminal Banksters rob the public, no one goes to jail, they get a slap on the wrist fine and the US post office is another broken US entity. Don't mean to be so negative but this is the news of the day. Not to say that the fine is not substantial but they most likely made billions while rigging the LIBOR rate which effects so many walks of life on a daily basis.

I just took a peak at my screen and the dow futures are down another 20 points and Gold is @ 1677.
Take note of oil down big at 95, that is a $3 fall in the past 3 trading sessions, bears watching. last night the retail sales # out of Australia came out negative and the Aussie is down over 100 points. Aussie is clearly rolling over now, I will stay tuned for the employment # this evening @ 7:30 Est. Although the RBA did not cut rates the other evening, if the employment # comes out poorly the market is in the midst of factoring in a rate cut for early next month, so it appears that the Aussie can go down another 150 points or so. As I mentioned the CAD yesterday, it is still above parity for now, let's watch that along with the equities and oil today.

Today we have oil inventories @ 10;30 Est and the European Central Bank tomorrow @ 7:30 est.
Let's see what develops today and I hope to see you later after the markets draw to close.

Have a Shiny Day!