Market Update

After last week, which has been slow due to Thanksgiving Holidays, we are starting this week in Europe by kicking the can for a third time down the road for Greece and apparently nobody seems to care anymore.

Even though Greece’s bankruptcy has been averted, again, the markets are not really reacting and we are seeing no noteworthy movements.

After the Greece debt deal, there no more major planned events this week which could shape the markets and we expect a flat market with a bullish tendency in the precious metals market.

The spotlight is now clearly on the USA and its fiscal cliff and deficit problems that needs to be solved rather sooner than later to avoid any major problems in the beginning of 2013.

A couple of links:

 

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