Friday, 7 March 2014

1pm update - probably a sleepy afternoon

Barring a random Russia/Ukraine news update appearing this afternoon, market looks set to quietly churn into the weekend. Metals remain weak, Gold -13, with Silver -2.5%. VIX is melting lower, -2% in the 13.80s.



There really isn't much to add...

Notable weakness in the coal miners...

ANR -9%
BTU -4%

The monthly charts for those look absolutely horrifying. More on those later.

1.03pm..another micro snap lower...but historic highs all over the place.

Don't get lost in the hysteria ;)