IIFT Daily Note with Peter Brown

Bounce

Posted by:  |  Time: 8:29 am  |  Topic:
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A good bounce all round after yesterdays sell off. Silver recovered well despite looking like it was going to collapse. Wall st and the Euro also bounced well. It is important to gauage the mood swings of the market so as not to get caught. Risk on,  Risk off trading is dominating. Still think silver could be in trouble as many traders are still long. This is dominating the market. Greece crises still being swept under the carpet and market is accepting.

Find the mood and go with the flow.

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