As expected (broadly for the short term), overnight futures have made a move higher and our Silver puts should be looking happier as silver futures made a move lowwer with Crude also bouncing
The media is saying the market is in better shape due to Ireland coming back to the debt issuance market with $10bn in 10 year bonds sold and Portugal said to be ready to follow in their footsteps with some other solid EU economic data, but as you see in Index futures, the march higher lasted all night, not just from the European open.
We have a small intraday divergence, but I think this is likely the move we've seen set up Friday.
Lets see how it plays out and manage the positions in place, see where this looks to be going and decide which way we'll go from there.
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