With some crazy things happening over in britain last friday, the Brexit is looking less likely. The futures are up at 11pm sunday and they’re up big. Japan’s market is up broadly with all sectors rising especially automakers and oil stocks. Yen fell, dollar fell, euro rose, AUD rose.
These are all good signs for stocks in general but especially coal and steel stocks, as well as other industrial metals. It does however signal a higher potential for a longer consolidation in precious metals.
Can oil keep up its rally tho and continue or will it need to come back down from here? It looks like it will get a huge boost if UK decides to stay.