There has been some discussion in the past few days about the XSR index. Yesterday it just nudged the steep downtrend of the past three months. Not enough to call a topside break but enough to keep me very interested in the sector.
Another negative report out today on the major miners. Where were they all when the price of these stocks was much higher. Against this we have copper doing some good work and the price of iron ore bouncing nicely.
As well we now have Roubini who has been wrong, wrong, wrong on the markets now saying to buy the S&P (that is a worry) but also saying that gold is going to $1000.
