The Best Investment Since Friday Morning Is?

After showing deep declines based on fears about Greece’s elections early in the day, the euro steadied and late in the day actually is showing gains against the dollar.

This was of little help to gold and silver both of which declined. Gold fell mostly on profit taking. Silver fell because industrial demand is down and it has run into some doldrums as investors wonder what the gray metal is actually good for.

Crude continued its dizzying decline and that, coupled with the impending super-storm headed for the U.S. East Coast, pushed the Dow down, while the S&P 500 and NASDAQ were both up. Movement, whether up or down, was very modest, indeed. The energy sector is an important component of the Dow while it is much less so for the S&P and virtually not a factor for NASDAQ.

It is interesting that, despite some flaring concerns in global geopolitics – namely in eastern Ukraine, and the governing transition in Saudi Arabia – gold is holding little allure today as a haven. Then again, profits are a mighty elixir and those who sold probably felt gold was doing a long-accustomed-to dance in which it rises and falls in some sort of range, regardless of the breadth of that range.

Probably the best bet in open market trading are Super Bowl tickets. The average price has risen to $6,460 as of this afternoon, up from Friday’s $5190. Last year’s closing average price for a ticket was just over three grand.

The media is abuzz with “Deflate-gate”? Maybe they need to switch to “Inflate-gate,” and pronto.

Wishing you as always, good trading,