Gold, Oil & Indices (Equity & Bond Indices)

Ok short @ 99.97...SL at 100.40, not 100.10.

Oliver.. important was this paragraph and the link in it.. but maybe you missed it..

"..Because of this, Libya is a major component of the Brent price equation. So when it went offline, Brent prices increased relative to other benchmarks. In fact, Libya has been part of the reason Brent has been trading at such a large premium over WTI. For a more comprehensive analysis, please read my previous column on the Brent/WTI spread.." http://www.hardassetsinvestor.com/the-commodity-investor/3162-the-commodity-investor-brent-a-wti-tale-of-two-oils-a-two-prices.html

Thanks for that Jacek;
It's a good link as to why Brent went up early on in the year but it says nothing about the spread; on 14th October, the spread was still $27+ and it went as low as $8 last week: that's a $19 (1900 pips) move in little over 6 weeks.
I saw something in ZH on the 16th November about some re-routing of Crude (Wtic) in the US that increased the move on the day quite dramatically but by then it was already down to $13
http://www.zerohedge.com/news/crude-passes-100).

If someone has any idea or link or historical research to explain the compression, please post it in here.

Thanks in advance

DaveO, have you (or anyone else) done any corelation work on the spread between Crude & Brent; it was just above $27 not 2 months ago and fell to below $10 on Friday (that's a huge compression). Back above $11.50 today

my gold perspective unchanged. Favour higher prices to 1730 next. Daily chart capped price at the confluence of 100 and 55 DMA's so need to clear that resistance.