12pm update - churn into the afternoon

The main indexes continue to see minor chop, propped up a $2-3bn of QE. Metals are holding moderate gains, Gold +$11, Silver +1.4%, miners are naturally responding, with GDX +3%. VIX is simply melting lower...a weekly close in the upper 11s remains very possible.


sp'60min

Summary

Not much to add, on what is a quiet end to another disappointing week for the equity bears.

All those with hopes of <1800, should have given up by now.

I remain increasingly resigned that we won't be breaking <1800 until the early summer.
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time for tea.