Gold and Silver Daily Commentary (November 18, 2010)

With equity markets in Asia and Europe higher this morning, US stock indices are stronger during the early Thursday trade. The Dollar is weaker against the major currencies during overnight trading. The head of Ireland's central bank said that he expects that nation to receive a large loan package from the EU and the IMF. General Motors GM will begin trading again on the NYSE after yesterday's IPO raised more than $20 billion. The Euro zone Current Account deficit during September was 9.2 billion Euros, larger than expected. Major US economic indicators this morning include the Weekly Jobless Claims at 7:30 AM, and October Leading Indicators as well as the Philadelphia Fed business outlook survey at 9:00 AM. In addition, Fed Governor Warsh and regional Fed Presidents Pianalto, Kocherlakota, and Plosser will give speeches during today's trading. Continue reading the article.