Thursday 26 December 2013

1pm update - no one out there

Equities are holding moderate gains, with a weekly close in the sp'1840s very viable..along with Dow 16500s. VIX is slowly melting into the 11s...the only issue is whether 10s..even 9s are viable before the intermediate top is done this spring.


Dow'monthly


Summary

Its getting somewhat tiresome, or maybe I need more chocolate?

.anyway...I realise I'm almost writing just to myself.   Urghhh
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VIX and GLD update from Mr R.



As for Gold..ohh, sure it could bounce..hell, a 50% retrace of the sub'3 from the spring is viable, but it will take the monthly charts at least until early 2015...for underlying momentum to turn positive.

Only a maniac will be long the precious metals right now, but hey..that is the delusion and madness of the typical gold/silver bug. Idiots..all of them.
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