Thursday, 14 November 2013

11am update - monster morning

The continuing comments from the Yellen monster are having all sorts of effects on the stock/commodity markets. Equities are trying to claw into the sp'1790s, whilst metals are seeing a choppy..but rather strong bounce, with Gold +$18. Oil remains weak, -0.8%


sp'60min



Summary

I've really not watched the Yellen monster much before today.

The term 'bumbling fool' comes to mind.

No doubt..the mainstream will try to play this as a 'little old innocent woman'..when this all goes to hell in the coming few years.
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SLV, 5min


The metals remain twitchy..and reacting to Yellen on Cspan. There remains very strong underlying weakness in Gold and Silver, and despite the opening gains, a red close is certainly viable.

11.23am... and there are the sp'1790s.

1800s before year end...before end month...end week?


11.28am.. The Dow is putting in some definitive hyper-bullish price action...


No doubt there...the old trading range is busted..and we're off and running.