Well looks like Copenhagen is going to be a very costly waste of time with the African Nations walking out on the pretext that the wealthy nations didn't want to play fair. Well blow me down with a feather, did the Africans really think that the others would. I'm sorry but the big multinational oilers and miners have got way too much to lose and way too much clout to let that happen. So from a markets point of view it is just another day like any other. Watch this space though because whether we like it or not something does have to happen, it isn't going to happen this time but it will happen. Yea I know you've heard that before. So watch the indexes and particularly gold because it is falling against the US dollar and that same dollar is the one that has the most to lose when the climate debate starts to go onto the boil.

The Oracle