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With gold sliding alongside pummeled equities and weak global growth forecasts the dollar is emerging as the most unlikely of safe havens. Eurozone concerns and a cap on the Swiss franc have been among the drivers of the trend.

Oil and related equities began to bounce back today in the aftermath of the news that France and Germany would go to any means necessary in order to support the ongoing health of European banks through the Greek debt crisis.

Stocks are rolling in deep in the red today as investors flee the market in search of safe havens. Gold prices have shot up, as well as the Swiss franc and Japanese yen.

Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

Commodity tips - The US dollar stood around 1-week high of 123.33 japanese yen, a safe-haven currency usually sought in times of geopolitical tension. The dollar also stood tall in against with the Swiss franc, another safe-haven, after advancing to an 8-month high.

News of Germany's slowing economy caused investors to sell-off today, ending a three-session streak of gains. Positive news from retailers, Fitch Ratings, and the Fed helped to pare losses.

Dual problems haunt global equity markets - Euro-zone sovereign debt issues and slowing economies here and abroad. Uncertainty = high risk

With Europe's fate unresolved so far, the big question remains if the economy is heading for a slowdown or recession. The market has NOT discounted latter.

Stocks are up in mid-day trading today as investors are hoping the Federal Reserve will open up its tool box and provide the ailing economy some much needed assistance.

The recent success of gold miners is encouraging for Samaranta Mining Corporation (SAX), especially following Tuesday's announcement concerning the company's recent Magnetometer and Gamma Spectrometer (Radiometrics) survey. The survey, which occurred on four separate blocks, including the company's key asset, the Guadalupe property, yielded optimistic results; identifying eight areas demanding follow up.

Action by major international central banks to provide liquidity to struggling European banks pushed Chinese blue chips higher but gains narrowed after the Hang Seng Index hit strong resistance.

Stocks moved higher today on hopes that Europe may finally address its sovereign debt issues. Financials lead the way as the sector moved up by as much as 5 percent.

Today, a light volume tape can be expected due to the Columbus Day holiday. Federal government offices will be closed, as well as bond markets.

With the immediate threat of a double dip behind us shares of Potash have been on the rise. The integrated fertilizer company has been hard hit this year and looks well prices as analysts predict robust demand.

With concerns for Europe and a recession out of the way for the time being, the focus will be on Q3 earnings, which can goose the market up further.

Financials were mixed today as a delay on a vote from Slovakia in support of the financial measures for European banks casts another shadow of doubt on the global economy.

Shares of Pepsi, Kennametal and Energy Transfer Partners seemed to have lost more ground than they deserve alongside the broader exit from equities and hiccups within their own business. At these levels, they look like strong buys again.

Given the strength of the recent two-week move, it is not surprising or unhealthy to see small corrections like the selling that occurred yesterday, which was on light volume.