11am update - eyes on the VIX

US equities remain relatively flat, and there is high opportunity for another new historic high into the afternoon if any Greek headline about concessions. Metals remain very weak, Gold -$20, with Silver -4.7%. Oil is similarly weak, -2.6%


VIX'daily3

GLD, weekly3

Summary

*Metals remain highly amusing, with Gold/Silver smacked lower on major volumn. I guess some might say that the Gold bugs are paying the price for spouting their lies across the weekend. They know who they are.
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Equity bears - in many ways, should be content with any flat close. Merely stopping the recent ramp from sp'1980 would be a start.

Right now, clearly. it is going to take a major 'spooky' headline for this market to see a major net daily decline.. and that sure doesn't seem at all viable today.

As for the VIX, until I see a daily close back above the gap zone (17s)... it remains broadly weak.
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Notable weakness, DRYS -4%.... no doubt the BDI is set to fall into the 400s before month end.
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time to cook... back at 12pm