12pm update - commodities under pressure

With the USD turning positive - currently, +0.2% in the DXY 96.60s, commodities are under particular downward pressure. Metals have turned negative, Gold -$2, whilst oil is +0.3% in the $42s.


GLD, daily

Summary

Little to add... on what is a day of minor equity churn to wrap up the week.

notable weakness, miners, GDX -1.6%.. having opened up around 2%. Not exactly a surprise.

GDX, daily

Broader trend for the Gold/Silver miners remains very weak, as Gold is set to lose the $1100 threshold.

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VIX update from Mr T.



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time for tea :)