Wednesday, 3 June 2015

12pm update - failed break?

US equities are cooling ahead of a number of US Fed aspects this afternoon. The equity bears should be desperate for a daily close <sp'2110. USD remains weak, -0.5% @ DXY 95.30s. Metals remain weak, Gold -$3... performing very badly... relative to the USD.


GLD, daily


*metals not looking great, there is a clear $20 downside viable in the near term for spot Gold prices, equiv to GLD -$2 to the low 112s.

Things are getting kinda interesting again.

Equity bears should be desperately clawing for a daily close <2110.

VIX update from Mr T.

time for lunch :)