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The markets on Tuesday will have several different announcements coming out of the European Union, and as a result it’s very likely that the markets will focus on Europe in general. At this point in time, it looks as if the stock markets will probably be where most of the action is, and with that we believe the stock traders will be very active.

1 – We also believe that the currency markets will favor the US dollar in the short-term, but that’s about as far as it goes in our opinion. We believe that eventually the Euro and the British pound will show strength again, but it may take couple of sessions. This of course will work against precious metals simultaneously, but it’s only a matter of time before the buyers of both gold and silver return in our opinion.

2 – Commodities in general will continue to be very choppy, because we have the specter of slow economic activity, but at the same time we also the Federal Reserve willing to step away from interest-rate hikes. So simultaneously we have the US dollar losing value over the longer term all of a sudden, which of course works in favor of the commodity markets as it will take more of those US dollars to buy barrels of oil, bushels of wheat, bars of gold, etc.

3 – At this point in time, we believe that stock markets will probably be the best way to go for the longer term, but recognize the fact that there is going to be a little bit of volatility to worry about in the short-term.