C'est la guerre des monnaies.
It appears that the US and its client states are engaged in Management of Perception Part Deux, and pretending that it is 'risk off' and prices will not rise if we pretend that all is well. So they released some oil from the Strategic Petroleum Reserve to supplement the release of gaseous emissions from Zimbabwe Ben earlier in the week.
Concerns about the Greek debt situation and the US economy may drive next week's market action. Today was a bit of a toss because of the Russell rebalancing.
Another junior silver miner was taken out today when Golden Minerals and ECU Mining announced a 'merger' that is really a stock acquisition (and a msall cash kicker) of ECU. I expect this trend to accelerate.
Have a pleasant weekend.
Or as the ticker tape said at the end of day, October 29, 1929, 'Good Night.'
