Friday 15 April 2011

This Mornings Markets

Once again, we woke up this morning to see gold rising to a record in New York and London as concern about faster inflation and a weakening U.S. dollar.  Historically, when the U.S. Dollar falls, gold rises as an alternative investment.  Silver also touched a 31-year high.

On our home currency front, the Canadian dollar has taken a little breather after a strong few weeks.  There is no data to report out of Canada today, so we do not expect any major volatility, unless we get surprises from the US Monetary policy.

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