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aussiebear

World Stock Markets Trading Discussion - Obdurate opacity

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Muted enthusiasm from the early openers: Kiwis flat, Aussies -0.4%, Japan -0.1% and Sth Korea +0.6%.

In Aussie sectors, Gold is once again the leader, +1.7% followed by Miners +0.7% and at the other end, Utilities -3.3%, Consumer Staples -1.6% and Financials -1.1%.

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords built up momentum  and finished +0.8%.  Sectors ranged from Gold +3% down to Utilities -1.6%.

Over in Asia, China +0.9%, Hong Kong +0.5%, Japan +0.4%, India currently +1.8%.

UK/Europe striking a positive note: FTSE +0.1%, DAX +0.8%, CAC +1.1%.

 

big.chart?nosettings=1&symb=UK:UKX&uf=0&

big.chart?nosettings=1&symb=DX:DAX&uf=0&

big.chart?nosettings=1&symb=FR:PX1&uf=0&

http://bigcharts.mar...com/default.asp

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5 day cycle projection 2904 overshot. Rally stopped at a  downtrend line at 2909. 

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gotta be careful though. 2 day cycle projection 2920. 

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They're breaking through several types of trend resistance indicated here. 

 

 

 

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FYI, The retail physical metals market in the US is still lacking volume and interest. The move has been due to the paper markets. Retail has been selling out all the way up. Premiums on many metal products are at all time lows. Wholesalers and retail dealers are up to their necks in inventory. Very odd environment.

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12 minutes ago, potatohead said:

FYI, The retail physical metals market in the US is still lacking volume and interest. The move has been due to the paper markets. Retail has been selling out all the way up. Premiums on many metal products are at all time lows. Wholesalers and retail dealers are up to their necks in inventory. Very odd environment.

Thanks for that. 

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