Wednesday, 8 May 2013

Pre-Market Brief

Good morning. Futures are flat, sp is set to open @ 1625. Precious metals are showing some distinct strength though, with Gold up $17. Oil and Silver are up just slightly. USD is again weak, -0.3% @ 82.05.



Again, there is nothing much in the way of econ-data today, only the oil report at 10.30. Perhaps we'll see Oil knocked lower this morning on underlying weak demand?

Latest update from Oscar...

I do think its useful to keep in mind what the market permabull has to say.
*I remain on the sidelines, but am looking to go Long oil, and short silver. I'm in no hurry though.