Today will be another very technical day of trading the stock indices and the bonds.

In currency land the Swiss Franc is of most interest. Last night it made another attempt to breech 80 USD/CHF. Closing over this level would signal the start of a bigger correction( Under 125.00 futures).

EUR/CHF cross has been a very active trade and should be monitored along with the straight USD/CHF # for direction and tone. This cross is trying to change direction. The question is Will It?

In any scenario. vis a vis the Swiss, I can make a strong case for continued precious metals strength. If Swiss is bought so will the metals..If there is U.S. Dollar buying, those dollars will be converted into Gold. Nobody wants to hold Dollars with our Budget Deficeit.