Monday, 2 December 2013

2pm update - minor chop

The main indexes continue to see minor chop, whilst the metals are still struggling to find an intraday floor. Gold -$27, Silver -3.3%, whilst the miners..GDX -4.4%. With heavy QE-pomo tomorrow, equity bears have little hope of even moderate downside in the immediate term.

sp'60min (with metals)


*metals..overlaid with the sp' really are struggling, and my earlier (short-side) exit now looks a fair way higher!

Still..the 19s are possible tomorrow, if Mr Market ramps...on a QE fuelled ramp.