Gold futures, whose low was at the session open, rose 1% on the session. Other metals – Silver (+2.4%) and Platinum (+1.4%) – experienced larger gains.
Live Cattle futures have based following a precipitous decline based on Mad Cow news released early this week. For the session, Live Cattle futures were down slightly to $118.35.
This afternoon and into tomorrow, we are waiting on EPS from Amazon (AMZN), Wynn (WYNN), and Zynga (ZNGA). Also, tomorrow morning, at 8:30 a.m. ET, the release of Q1 GDP will dominate traders minds. For us to break through 1,400 on the S&P futures, we are looking for a good number. If not, we would likely see a pull-back before the next leg higher.