Monday, 14 March 2016

3pm update - battle of the FOMC

US equities remain in minor chop mode.. but naturally still leaning to the upside, as equity bears are powerless ahead of the latest FOMC announcement this Wednesday afternoon. Metals are under notable pressure, Gold -$13, which makes for a $31 swing from earlier highs.


GLD, daily2


It remains a rather subdued day... and aside from the moves in Gold, the related mining stocks, and weakness in Oil, its pretty dull.

A real classic is currently airing...

'...can reach Plymouth, if ordered'

HMS Exeter

The movie is 'Battle of the River Plate', from 1956, an old favourite of mine.

Equity bears have been shelled for over a month.. its almost time for a turn.

back at the close