Friday, 14 August 2015

12pm update - commodities under pressure

With the USD turning positive - currently, +0.2% in the DXY 96.60s, commodities are under particular downward pressure. Metals have turned negative, Gold -$2, whilst oil is +0.3% in the $42s.

GLD, daily


Little to add... on what is a day of minor equity churn to wrap up the week.

notable weakness, miners, GDX -1.6%.. having opened up around 2%. Not exactly a surprise.

GDX, daily

Broader trend for the Gold/Silver miners remains very weak, as Gold is set to lose the $1100 threshold.

VIX update from Mr T.

time for tea :)