Looking at yesterday’s, on paper, ECB President Draghi Dutch Parliament appearance had the potential of being the big event, but with Draghi sticking to his dovish bias the big move came from oil following an EIA report that showed the biggest draw in nationwide crude inventory since December while gasoline stockpiles fell by 150k bbl to 241.1m bbl against expectations of a 300k rise. US equities had a mixed day, with the Dow closing 0.16% lower while both the S&P 500 and NASDAQ rose 0.11% and 0.14% respectively. The rise in the NASDAQ saw this Index close at another new all-time high.
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For anyone following my Platinum Service it made 20 points yesterday and is now ahead by 458 points for May, having made 1276 points in April, 1335 in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.