Monday, 2 June 2014

2pm update - a mixed market

US indexes remain moderately mixed. Whilst there were new historic highs in the Trans/Dow/SP, there remains notable weakness in the R2K/Nasdaq, but both of the latter remain well above the danger zone. Metals remain weak, Gold -$8, with Silver -0.5%


GLD, daily


Summary

*for the gold bugs out there...go stare at a monthly chart for the rest of this week...

ohh. thats right, you've been refusing to do that since 2011. Oh well, at least you're consistent ;) No doubt, the witch-hunts will continue against anyone who dares suggest Gold will further fall.
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As for the equity market...there isn't much to note. A relatively quiet Monday, mixed chop, most are merely awaiting the ECB on Thursday.