Have some Candy.... - Wednesday, page-2

I mentioned the strength of the Brazil market at the beginning of the week. It has continued strong and now just nudging above its long term downtrend. Toronto has also been strong – I suspect that these two markets are dragging us higher. What would look good here would be for us to have a bit of a move up getting above all recent trading and then we can afford to have a correction without doing any damage.

Also strength in a number of other markets. Hong Kong particularly took my eye being close to breaking topside and of course the really important one – Shanghai – is trying to break its downtrend. So lots of interesting developments out there.

US dollar was stronger against the Europeans which put a bit of pressure back on gold. We still look to be trying to complete a C wave in gold. Silver a bit stronger than gold overnight. That is always encouraging.

I am going to be tied up for the rest of the week