To the surprise of no one, the PMs rallied overnight and then were stopped dead in their tracks at 8:00 a.m. EDT by The Cartel and their monkey minions.
We've discussed quite a few times the apparent significance of the $36 level in silver.
The pattern continued this morning. May silver reached $36.18 this morning before being beaten back like a Gadaffi rebel. Expect this pattern to continue until/unless something dramatic happens. For now, if you want to play along, you can trade the range. Buy near 35, sell above 36.
That's it for now. More later. TF
p.s. OK, here's some actual $ analysis that someone sent me
and here's a chart that goes back to the beginning of this year. Yikes!