The metals have been declining again today, however both of our Extreme Indicators have flashed a signal based on yesterday's closing prices, which suggests that another rebound is likely. If it wasn't for these indicators we would have suggested closing the speculative long positions, as the risk/reward ratio would not be favorable. Still, since these indicators have in fact flashed a signal, it seems that we're close to the second bottom of a double bottom pattern.

Meanwhile, the USD and Euro Indices that we wrote about yesterday have moved through their resistance/support levels but this move has not been confirmed. We will provide more details in tomorrow's Premium Update.

Thank you.

Sincerely,
Przemyslaw Radomski