Outlook

US

1. Good manufacturing data - ISM
1. This may tell us that US is recovering. This is a big maybe.
2. From June to Aug, the data has been below 50. September is above 50.

2. Fiscal Cliff - still in the process
1. Republicans do not want a tax increase
2. Democrats do not want to extend the Bush tax cauts

Euro

1. Speculation - spain will get a bailout with not much stricter conditions.
2. Greece is being graded.
1. This will determine whether the country get the next bailout fund.

3. ECB is prohibited from directly purchasing bonds from governments. They can only use the bond purchase program to prevent deflation.

Trading:
 

1. I am still accumulating silver.
2. Oil is in my watch list. It is still too expensive at $93 WTI