Wednesday 22 October 2014

Pre-Market Brief

Good morning. Futures are a touch higher, sp +1pt, we're set to open at 1942. Metals are a little lower, Gold -$5, whilst Oil is higher by 0.5%. Equities look set to claw higher - if much more slowly, another 1% across the next 3-5 trading days.


sp'daily5


Summary

*CPI: 0.1%, vs 0.0 expected.
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So... today will be day'5 of the up wave. I don't actually count until the first clear daily gain, even though Wed' closed hugely above the lows.

Notable early mover, CHK +1.7% in the low $22s.

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Video update from Hunter, with Mr Hyperinflation.... Snyder



As ever... make of that.. what you will.

Have a good Wednesday!
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8.45am . Precious metals look particularly weak, Gold -$5, but Silver -1.7%.

No doubt, the gold bugs will be claiming all sorts of manipulation, but hey, they've been buying since spring 2011. Still need Gold $1000/900s.. before Mr Market has broken them.

Naturally, miners are weak, GDX -0.6%, back in the 20s... teens look due.