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James White
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Journalist & Not Quite the Market Analyst I Think I Am
Journalist & Not Quite the Market Analyst I Think I Am

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More Pressure on Gold?

On the daily chart, spot #gold is now trading below the 20 day moving average. From a technical point of view this is a negative.

The dollar also continues to have the upper hand over the euro. Since #eurusd hit $1.3993 on 8 May 2014 the market has dropped to $1.3467 and that won’t be helping gold.

In the short-term I can’t see many traders buying gold as a hedge against inflation either. (Would you short gold as a hedge against deflation?)

I’m staying out of gold at the moment and neither buying nor shorting the market. Having said that, a small short, with a close stop loss, is looking tempting. Not as a hedge against deflation but because the market is looking rather negative.

This is my personal view, not investment advice.
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Dow Jones to Grind Higher (in the short-term)?

The upward flag on the #DowJones (aka Wall Street) continues to narrow and so the technical analysts would say that we’re due a breakout soon.

Personally I’m staying out of this market for now but it’s not difficult to see it grinding higher in the short-term.

This is my personal view, not investment advice.
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Wall St (Dow Jones) Market Falls 617pts in One Day
 
Some reports are saying the Dow fell 318pts on Friday, for me, the futures market gives a slightly bigger, clearer, and nastier picture.
 
Looking at one of the UK based spreads firms, they run a market throughout the night and at midnight on Thursday the #Dow #Jones (Wall St) market was priced at 12606.
 
By closing time late on Friday the market was down to 15859 (they don’t run the market over the weekend).
 
That’s a 617pt fall.
 
The difference is that this #derivatives / #futures #market takes into account overnight trading and the hefty falls seen before US markets opened.
 
For me therefore, this gives investors a truer picture than the quotes of a 318pt drop.
 
More importantly, with a near 4% fall on Friday, the coming week could get very volatile.
 
I might just sit this one out.
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Post has attachment
Wall St (Dow Jones) Market Falls 617pts in One Day
 
Some reports are saying the Dow fell 318pts on Friday, for me, the futures market gives a slightly bigger, clearer, and nastier picture.
 
Looking at one of the UK based spreads firms, they run a market throughout the night and at midnight on Thursday the #Dow #Jones (Wall St) market was priced at 12606.
 
By closing time late on Friday the market was down to 15859 (they don’t run the market over the weekend).
 
That’s a 617pt fall.
 
The difference is that this #derivatives / #futures #market takes into account overnight trading and the hefty falls seen before US markets opened.
 
For me therefore, this gives investors a truer picture than the quotes of a 318pt drop.
 
More importantly, with a near 4% fall on Friday, the coming week could get very volatile.
 
I might just sit this one out.
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Lack of Fiscal Cliff Progress Sees US Shares Trading Markets Dip

Across the other side of the Atlantic, the US economy appears to be idling along nicely, albeit at a very slow rate, even though concern about the fiscal cliff is making spread betting investors nervous. This saw US shares trading markets dip late on after US majority Senate Leader, Harry Reid, admitted there has been 'little progress' in talks thus far.
http://www.spreadbets.org.uk/blog/2012/lack-of-fiscal-cliff-progress-sees-us-shares-trading-markets-dip/
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Greek Agreement to Boost Financial Spread Betting Markets

It remains to be seen if this particular deal will be any more successful than previous EU deals to help Greece. The likelihood is that we will probably be back discussing another renegotiation before too long. Nevertheless, financial spread betting markets look set to open higher this morning.
http://www.spreadbets.org.uk/blog/2012/greek-agreement-to-boost-financial-spread-betting-markets/
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Improving Chinese PMI Data to Support Spread Betting Indices

There is plenty to occupy the attention of investors, with spread betting indices markets set to open slightly higher after Chinese HSBC manufacturing PMI number for November. The figure came in at 50.4, and rose above 50 for the first time since October last year, raising hopes that the Chinese economy may be starting to rebound.
http://www.spreadbets.org.uk/blog/2012/improving-chinese-pmi-data-to-support-spread-betting-indices/
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Continued Eurozone Weakness to See Spread Betting Indices Open Lower

The problem of rising unemployment in Europe is once again in the spotlight today, with the release of Q3 Spanish unemployment numbers which are expected to rise from 24.6% to hit the 25% mark.
http://www.spreadbets.org.uk/blog/2012/continued-eurozone-weakness-to-see-spread-betting-indices-open-lower/
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European Markets Look to Push Higher on Improved US Spread Betting Futures

US spread betting futures have improved significantly off their lows which may provide some early cheer for the European markets.\n\nThe combination of flow from the IMF reporting and US earnings season hangs over global markets for the most part and has impacted outside of equities.
http://www.spreadbets.org.uk/blog/2012/european-markets-look-to-push-higher-on-improved-us-spread-betting-futures/
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