Tuesday, 31 December 2013

Pre-Market Brief

Good morning. Futures are a touch higher, sp +2pts, we're set to open around 1843. Metals are trying to bounce, Gold +$4, but this will be the worse year for the precious metals since the early 80s..pre-Madonna, when men were men..and women were not hanging naked on a wrecking ball.



Well, tis the final trading day of 2013.

I have very mixed feelings about this year, but I should probably leave that for a post later this evening. Suffice to say....one way or another..we made it through another year. For that alone, we all deserve prizes.

*watch for the Chicago PMI number, that is due around 9.45am. If that comes in reasonable, 60/65 range, then market might use it as an excuse to rally into the 1850s..and hold that for a yearly close.

I'll probably note it across the day..but sincerely.. good wishes for 2014

  the (disturbingly bullish) permabear doomster

Video update from Biderman


8.50am... Gold and Silver snap strongly to the downside.. Gold -$11, Silver -3.5%. 

Notable strength in DRYS, +2.5%.

The more I look at the market, the more I'm inclined to think Thurs/Friday are going to be strong upside..even to the 1870s.