Well SJ did say the 2nd quarter was going to be low...not disastrous..... He did also say in the last presentation: 'Tucano operation improving – good physicals in the March 2016 quarter – better grade expected in the September 2016 quarter'....quack quack....
I think the CB's have finally lost their control over the price of oil....a glut is a glut after all....refining it to gasoline doesn't change the fact that the world economy is slowing and manufacturing is just not using as much....oil stocks in the US are on a cliff face IMO....
The Italian banks and EU bank stress test is the next major market hurdle......how they are going to bodgy that show up is anyone's guess....
I see US services PMI fell again.....so just where are these miracle jobs coming from....Redbook also negative again....the US just can't fudge some numbers....
Move that dirt....
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