Yearend Post

We expect Santa to stay on for a couple of more days.

 Gold should jive nicely with our Bradley outlook.

 ...although the picture looks slightly different in Euros.

 The Small Caps had their yearend seasonal out-performance.

 Silver will follow the risk trade.

 The Euro is poised for some bounce in Q1.

 Gold gets in position....

The Small Caps are getting rich....

 The Skews seems to support the above.....

 Gold is getting in position....

 Small Caps might have some air left ....

The above fits also into the picture where our VIX_OSC is getting Overbought and seems readyfor some Jan. bear action....
Merry X-Mas and a Happy New Year!!