Stocks failed to plant a close over key support today.

Gold has moved to the top of the short term trend channel on the chart. It either moves higher and breaks out or is likely to retrace some of its recent upwards move. Let's hope for consolidation and a breakout higher, but be prepared for whatever the market gives us.

There will be precious metals expirations on the Comex this week. They are not for contracts of consequence.

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

Have a pleasant evening.

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