market update, page-53

I don't think the question is a currency one.

Large Volume in the last few days has managed to turn the price around all be it not by much.

The European scenario, even though I think they are going to kick the can down the road again, still looms.

But this disaster packed El Nina year is not over yet. Margin though more significant event still has me tentative.

Then from a global perspective most markets are at least in a channel if not reversal pattern.

I know the price is low, at levels where QBE is almost an automatic but not yet... I may miss a bargain here but too many negatives of which any one could really drive the price lower...

Holding my long term'eres but not ready to buy any more yet.