Tuesday, December 2, 2014
Just three charts for Tuesday
HYG still looks bad. Then again, any reaction to oil prices shouldd play out over months and not days.
Then again, $VIX calmed down today and punched back through to a downtrend.
US dollar seems to have finally decided to break upward. So probably more pain for PMs on the way.
Those are the only three charts I find interesting right now. Oh, there's also the chart of B2Gold which is bucking the trend and going up very strongly on high volume. But if there's money to be made on B2, it's to be made on a long run upwards and not on some 2 day reaction to a PM puke.
I see Ritholtz is still blathering on about gold, by the way, so that's still about as contrarian bullish as you'll ever find.