After a late night during which my buddy, Sweetness, filled The Turd with Hendrick's gin and Pine Ridge wine, The Turd is moving a bit slowly this morning. Coffee helps, however.
Accordingly, since I am away from my hidden bunker, I am unable to post charts this morning. I'll have a full update for you later today.
Gold bottomed overnight near 1525. Again, if we're going to see another stab at 1550, we really need to see 1520-25 hold as support. IF it fails, I think we can be quite confident that the "summer doldrums" will have officially begun...a rangebound trade between 1460 and 1550 until late summer/early fall.
The silver chart does not look good at all. A break of the lows from 6/3 at 35.06 would be a very bad sign so that level must be watched very closely.
At least the stockmarket is called higher and crude is firming up so maybe the PMs can reverse and put a little distance between themselves and those critical support levels. Keep your fingers crossed but stay diligent.
Have a great day! TF