CLOSING UPDATE 3:35 PM

 

The dollar is above the key 95.00 level, and a cycle low is likely. However, it will take a few more trading days before a bottom is confirmed. Gold is trading below the morning low (currently $1204.8). Prices will probably close above $1200, but the overall price action looks frail.

-GDX- Miners continue to soften into the close. They may be setting up for a sharp break lower next week. Same with silver.

I saw enough price action today to add to my JDST and DSLV holdings. It looks like next week could be setting up for some fireworks.

The weekend newsletter will be out Sunday.