sp'60min
GLD, daily
Summary
*metals are continuing to perform particularly badly, considering the weak USD.
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VIX is displaying only a little market concern.. equity bears are going to need to see the 15s today.. to offer hope of further downside tomorrow.
... awaiting a break of the 2099 double low.
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notable weakness, copper miners, FCX/TCK, both lower by -2%
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10.02am.. opening black-fail candle on the VIX...... urghhh....
What a lousy fail for the bears.
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*IMF suggest US Fed delay any rate rises until next year. Was that a mere suggestion.. or an order? Hmmm
10.15am.. It remains a mess.. with a clear reversal... but seriously.. who the hell would be buying right now?
Oh yeah.. share buybacks and central banks.
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Seeking VIX 15s... that will be the sign.