• Gold up 2.5% to $1635
  • Silver up 3.3% to $30.97
  • Oil up $1 to $81.31

Sean had some chatter about USD/CAD offers after the pair ran into some solid selling pressure in NY trading. The pair has been flat so far in Asia but a break of 1.0240 will trigger another leg lower. I think we need to see some consolidation down to 1.0050. Spot at 1.0251.