Wednesday, 14 May 2014

Pre-Market Brief

Good morning. Futures are a touch lower, sp -3pts, we're set to open at 1894. Precious metals are sharply higher, Gold +$13, Silver +2.1%. Equity bulls have little to prove, having broken new index highs, but just need to hold the sp'1890s.



So..we're set to open a little lower, but there is little reason why we won't turn positive within the opening hour, with a daily net gain.

Notable early strength, FCX +0.7%

Video from Mr C.

Naturally, Oscar is sticking with his upside target, which looks to be somewhere in the sp'1910/20 zone.

9.42am... Picked up a secondary R2K call block... this open is just the usual nonsense.