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During the day on Tuesday, it’s very likely that will have quite a bit of volatility because we have several different announcements coming out. We have the European employment numbers, the Core PPI, Core Retail Sales, and the Empire Stay Manufacturing Index out of the United States. Because of this, the market should have plenty of things to think about.
1 – It looks as if the US dollar is starting to strengthen a bit, and we believe that the longer-term is fairly good for the US dollar in general, except for maybe against the Euro which has seen quite a bit of strength. The Forex markets will continue to be very volatile, as there are a lot of concerns when it comes to the world economy.
2 – Looking at the stock markets around the world, it is likely that we continue to go higher, mainly just because of all the central bank quantitative easing. With this, the market will more than likely offer call buying opportunities every time we pullback.
3 – We still like the precious metals markets, and believe that sooner or later they will continue to go higher. There is no real concern at this point on our part of the markets falling apart, and we believe that longer-term precious metals will continue to take the lead when it comes to trends, simply because so many central banks around the world are working around the quantitative easing model when it comes to devaluing their own currencies.
