Good morning. Futures are a touch higher, sp +1pt, we're set to open at 2004. Precious metals are beginning the last third of the year sharply lower, Gold -$15, with Silver -1.3%. USD is naturally stronger, +0.3%.
sp'weekly8
Summary
*awaiting ISM & PMI manufacturing, and construction data
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Welcome to a new month.. indeed, we're now two thirds of the year complete.
So, we're set to open a little higher. . the 2020s look a relatively easy target by Thursday.
One thing I will watching this morning is how high (or not) the upper bollingers jump for the bigger weekly/monthly cycles. I think it is kinda important since it offers an effective ceiling on the month ahead.
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Video update from a (not surprisingly) bullish Carboni
I should note, I fully agree with Oscar on the Gold, which looks set to take out the 2013 lows at some point. That has rather grave implications for the mining stocks, inc' the ETF of GDX.
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Good wishes for Tuesday trading