Outlook from the Trading Desk - 12/08/11

[metalsmtl]

One day closer and my views have not changed. Markets extremely nervous and the major players are protecting both sides. Seems that there is relatively strong Private bank purchases on dips. Albeit the wealthy are not always right, they do seem to be more right than wrong. I am sure its their superior education and not their connections that help them be ahead of the game, they are worth watching. Their betting on a good announcement followed by a satisfactory longer term plan, which if it occurs will be very positive for the metals.

I see snow on the roofs here. Santa is close. Another two weeks of eggnog and euphoria if Friday goes ok and then the work begins in earnest. Whatever the short term outcome, the 1st Quarter of 2012 will be memorable.

Any headline could create a significant move.