Middle of the Night Report

It's 4 am central and for some reason, I can't sleep.. Might as well update you all with what I see.- The battle in Libya appears to be an outright civil war now with heavy casualties expected.- War escalates- Watch for news on tapping US oil reserves to calm the run up in prices at the pump.- Oil concerns from Bloomberg- Should be some big trades in rare earths this week.- Oil hits 106.40 in overnight trading about an hour ago - over 105 and I would expect a market gap down. However, this may create some buying opportunities of oil gets heavy and settles back down towards 100.- Gold testing 1440 again as it moves up with global anxiety- Silver at 36.40 on very strong overnight run. expect silver related stocks to gap up at open- Greece credit rating downgraded. Watch the Euro/dollar tomorrow. US dollar index plummeting at this hour.- EURO hits 140 and nearing November highs vs the dollar.- Nikkei takes a 1.75% hit overnight and European markets struggle to hold strength largely on Greece credit downgrade.