Morning All
Hope all enjoyed the Xmas break
Friday is a short session
XJO @ 5627
S&P + .3%
Gold $1139 + .9%
HUI + 2,5%
AUD Gold $1585
Global stock markets were mixed to firmer in quiet trading overnight. London markets remained closed Tuesday for the Christmas holiday. There were no major, markets-moving news events overnight, to begin this holiday-shortened trading week. Precious metals traders are looking for fresh fundamental inputs to drive market prices.
The key “outside markets” on Tuesday saw Nymex crude oil prices trade higher. Oil market watchers are waiting to see if OPEC and Russia oil producers can stick to their agreed-upon plan to reduce production. The plan goes into effect January 1. Nymex crude oil bulls have struggled a bit with prices trading above $50.00 a barrel. Meantime, the U.S. dollar index was slightly higher and trading not far below its 13-year high scored last. The strong greenback has been a bearish weight on the precious metals markets recently. 1
