Meandering Market Update Nov 21

November 21st, 2012 by

The markets are meandering as they await the raft of U.S. economic data that be released ahead of the Thanksgiving holiday. There are really no big drivers for precious metals right now, as everyone waits for resolution of several negotiations that are dragging on: the U.S. Fiscal Cliff, the latest Euro bailout payments to Greece, and the Gaza ceasefire-that-isn’t-quite-yet. Combined with many traders already taking off for the Thanksgiving holidays, volume should be light. Remember though, that with a light volume, any volatility will be exaggerated.

We at Gainesville Coins wish all our clients and friends a happy and safe Thanksgiving!

by David Peterson