11:40am (CET)  ~  We have just arrived back home from our weekend away up in Barcelona and before lunch I am off out on a cycle ride with a neighbour.  I am then having a relaxing afternoon catching up on jobs around the house and taking a friend to Alicante airport – then we are off to a restaurant opening party in Denia this evening.

After the markets closed on a high last week, there’s more rises in the pipeline after the U.S. had deal with Iran at the weekend over their nuclear ambitions meaning sanctions will slowly be lifted and the restrictions on the worldwide sale of Iranian oil will be eased – this of course has resulted in the value of crude coming down this morning. With Thanksgiving holiday in the U.S. this coming Thursday we are likely to see low trading volumes on Wednesday as well as traders leave their desks early to get back for the bank holiday celebrations.  Gold is still suffering from the rise in equity markets, it has still not halted the decline that began at the end of October and we are now heading for the next big support level at $1200.