Metals are ripping across the board this morning with gold and silver leading the way once again. Other metals are along for the ride with copper, tin, platinum, palladium, and even nickel rising. Elsewhere Intel is getting clobbered on disappointing earnings and Japan appears to have intervened in their forex market to support the falling Yen.

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Stocks rallied in afternoon trading yesterday and are up ahead of the open again this morning after tensions surrounding Greenland saw a marked de-escalation yesterday. Meanwhile details of the bond market rout in Japan are emerging and it paints an ugly picture for the world's 4th largest economy.

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Gold has broken above $4,800 after a monster 2 day rally that has seen the shiny rise more than $250 even as silver takes breather. Meanwhile Natural Gas has seen the biggest weekly spike in 35 years ahead of a bitter deep freeze that is about to hit the entire US.

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