08:25am CET  (7:25 UK time)  ~ No trading for me today – as it’s going to be another sunny day there are a few of us who are going down to the Embalse de la Pedrera lake near Torrevieja this morning, about 45 minutes drive from here. We’re doing sailing and Quad biking and a bit of horse riding if time allows.

As I hinted yesterday, the markets realised that they may have got it wrong regarding tapering so they staged a revival upwards yesterday and regained all of Wednesday’s losses. The S&P500 was bullish all day and I joined in on this rise with a few trades, and the Dow Jones 30 followed a similiar path northwards.  Over here in Europe, markets remain concerned about the French economy and its prospective slide back into contraction in Q4 the German economy appears to be going from strength to strength despite the fact that there has been no government to speak of for the last three months. Maybe we should adopt this simple model worldwide, if you keep the politicians busy they can’t do any damage.  Gold had a quiet day, taking stock after the large push downwards, but it’s still in bearish trend for the time being. There was a small drop in value when the U.S. market opened due mainly to the main indices over there shooting upwards.