Friday, January 20, 2012

Friday, the 20th..........

Silver jumped dramatically (up over 8% on the week) while Gold gently pushed higher (+1.7% matching USD's weakness on the week). Oil was the week's biggest loser (down 0.5%) as Copper clung to 3% gains on the week. Treasuries ended the week at their high yields (30Y +19bps).  The real kicker today is that today's volume is an incredible 27% below the January 2011 Option expiration volume.

With options expiring it's a new ball game on Monday.  Eat something good and may your favorite teams win!  I am pulling for the New England Patriots.

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