As newswires reported that Egyptian President Hosni Mubarak would be stepping down and handing over his government to the military high council, protestors were preparing to celebrate a victory.
But Mubarak came out and let everyone know that he made a promise to God to hold on to his position until the September elections. He also spoke to global leaders around the world and let them know that he would not be dictated by foriegn entities and forced in to resigning.
The protests are to continue today in spite of Vice President Omar Suleiman(who is now in power) asking protestors to go back home and attempt to find normalcy once again. He made a point that Egypt can not handle the current situation much longer and needs to get back to a productive economical entity.
Concerns are abound globally as tensions rise in the region. Shots rang out along the banks of the gaza strip after Mubarak announced that he would not be going anywhere, but merely stepping aside until the time comes to leave office in September. Israel is on high alert, and rightfully so as the peace treaty between Egypt and Israel could be in jeapordy if the Muslim Brotherhood takes a controlling role in the new government.
Prices for precious metals have been up and down over the last 48 hours, and are expected to be heading north upon the opening of the US market in a few hours. The direction of the Egyptian turmoil today will determine where metals prices will end going in to the weekend.