12pm update - Liesman and Lagarde

Whilst the capital markets continue to struggle to adjust to the massive policy change from the SNB.. its time for a little polite chit chat. Mr Market will no doubt take some interest in clown finance TV 'economics expert' Liesman... with IMF 'Managing Director' Lagarde.


sp'60min

GLD, daily

Summary

*Gold continues to rise on a strong 'fear bid', with a clear break above the mid Oct' high. I still can't take it seriously though. Still seeking renewed wave lower to $1000 by mid summer.
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So... settle back.. for some chat.... if you can stomach it.

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VIX update from Mr T.


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time for tea.... back at 1pm