Market Recap

We elected the third minor Daily Bearish Reversal today confirming that the target week of 05/20 should be a temporary high short-term. Gold did not elect any minor Daily Bullish Reversals against still warning that the rally thus far is a dead cat-bounce. We need a daily closing ABOVE 1448.50 on spot to firm up support temporarily, otherwise lower lows are still ahead.

A Special Report on Copper will be going out tomorrow for those who purchased the Metals Report and attended the Princeton World Economic Conference.