Gold Down $51.50 or -3.44% at 1449.80
Silver Down $1.65 or -6.27% at 24.68
Copper Down -1.57% at 3.2965
Light Sweet Crude Oil Down $2.32 or -2.57%
Japanese Yen at 98.06 to the Dollar
We believe that Gold is having a unusual effect on the Japanese Yen in Asian session trading today. If Gold continues to fall and cannot hold the $1440 area, we think the Japanese Yen buying will be very strong. Closely watching the USD/JPY exchange rate to see if we can hold above 98 Yen to the dollar. If Gold continues to fall then the Japanese Yen will not be able to break above 98 Yen per Dollar in our opinion.