Monday 15 December 2014

1pm update - chop chop

Equities are reverting to chop mode.. having seen a moderate bounce from sp'1982 to the high 1990s. VIX remains notably twitchy.. but on any basis, is likely at the upper end of this cycle. Metals remain weak, Gold -$15.. which is impacting the miners, GDX -2.3%


sp'60min


GDX, daily


Summary

*been such an interesting day.. I've still not cooked yet... I'm running on vapour fumes, urghhh
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Metals are looking really weak.. and I'm still of the view that metals/miners will fall into year end.
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Time to cook............. before I change my mind