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During the course of the day on Thursday, we get several announcements but really nothing that we think is going to drastically move the markets. We have the Monetary Policy Statement coming out of Australia, so we could get some movement in the Aussie dollar, but beyond that we feel that the trends will simply continue going the way they have been, as we await the Friday Non-farm Payroll announcement.

Ultimately, we believe that precious metals are starting to really find a significant amount of footing, and we expect them to go higher over the longer term. Because of this, we believe that the call buyers will return again and again.

The stock markets look very soft in Europe, and it even appears that we may be getting ready to break significant support in several countries. If that happens, the markets should go much lower. At this point in time, the markets simply cannot find their own footing.

The US dollar is getting pummeled during the session on Wednesday, and it now appears that the tide is turning. With this being the case, we expect to see a flood into other currencies such as the Euro, at least for the short-term, perhaps the next few sessions. This will be especially true during the jobs report on Friday.