Investment Management and Financial Planning Thoughts

Markets are on the rise today. Eurozone leaders agreed to create a safety net to help Greece and U.S. data showed consumer sentiment rose more than expected in March. Commodities are higher. Gold is having a nice bounce after recent weakness. Investors are are buying gold for a couple of reasons. First the European agreement on aid for Greece has helped the Euro which is stronger against the U.S. dollar. Secondly, demand for gold out of India is typically stronger in April and demand out of China is improving. According to Scotia Capital nearly all gold stocks have sold off and are at attractive levels for investment.