Thursday 14 February 2013

3pm update - mindless noise

Mr Market comfortably recovers those earlier lows, and we're back to roughly flat. It remains a sea of minor noise...amongst an underlying trend that bodes for far high levels across the weeks...and months to come.


sp'60min


Summary

Its just another day in rigged-casino land. Its beyond laughable..those regular opening minor declines..which evaporate within the first hour or two.
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Metals remain weak, but look floored on the hourly charts. Probably another minor bounce early Friday..before further weakness next week.

SLV, 60min


SLV in the low 28s looks very viable..and that will be a very tempting place to go long into the early summer.

back after the close