Events in Egypt and how they will affect trading on Monday
The events in Egypt continue to show no abatement of the demonstrations nor demonstrators calls for President Hosni Mubarak to step down. This will change the mindset in the Middle East. One consequence of this will be fear gripping their stock markets across the region. I expect there to be a flight to safety in market action on Monday both here, Europe and even possibly Asia. The dollar should get a boost as should the Swiss Franc. I do see our stock market with high volatility. If the events to not resolve themselves by Monday, there will be a selloff of stocks here. If things seem resolved by Monday, we could see a relief rally. Gold most likely will rise as will Silver no matter what the outcome for Monday.