Market Update

Ladies and Gentleman, its Election Day!

Even though the results will come in tonight, it looks like the market is expecting an Obama win since the markets are having a rally and especially Gold and Silver had a good bounce and corrected the sell-off from last Friday.

The other newsworthy highlight of this morning was that the Australian Central Bank kept its rates unchanged at 3.5%, which therefor has the highest interest rates compared to any other major currency.

I will keep it short for today, since tonight might say a lot for the near future, but lets not forget that tomorrow we will have the European economic outlook and the US treasury auction will continue with its longer-term bonds.

Enjoy these links:

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