They took it back for May on HUI. Well, should I be looking for higher or lower prices now or just wait for the meat grinder to chew everyone up for a bit and then decide?

You scratch my back and I'll scratch yours.

HUI fell into some confluence area and stopped where March 24 broke higher out of a downtrend and could appear as if it established a higher trendline. Only time will tell.

http://www.StockSharePublishing.com/ChartL..._1149127460.png

My lucky charms are watching May 24 as a swing low.

HUI:

My thoughts on HUI in late May.

A re-visit to the rising trendline and retracement to wave 4 support, both around 280, seem likely.

Yup, it's gunna be one of those months huh. Everyone will be quiet until they've wrung the goldbugs out over the summer.

Time to quietly nibble at select locations.

spot silver down to 12 it appears

Sure, let's start fresh with fresh lows..

Where's plantigrade from last month. Come on Planti, fire up that day one May chart of silver plueeez

silver retesting april lows at 11.88 July silver

so 11.88 to 11.70 in july silver is ice... let's hope it springs it instead of breaking

April 21.. Silver confluence 11.17-11.54

Dinapoli style
http://www.foxfutures.com/charts-newsletter/JY-weekly.gif

4/21 low on silver was 11.715

at 11.80 here

So much for 640 and 12.50 adios.

They're going to try to defend the buck it seems, I don't think they can do it for long but they don't have much problem shaking out gold and silver longs.

Unfortunately, it looks and feels like another "death by a thousand cuts" correction, always the worst feeling ones.

Was hoping for a "V" shape recovery, but not to be.

Let's see if the dollar index can hold above 85 for long.

copper weakness could be the reason for gold/silver down too

Their punishing the silver bulls

from yesterday alone somebody made a chunk of change

DX is now at the resistance area above 85.10 and top of trading range

silver could spring here at the lows...

I can't believe the XAU did not break below the recent lows with gold dropping to 620-something. Actually, it's a pretty good sign that a sideway up for a while as long as gold can hold aroun this area. No quarantees.

I was reading Gary Kaltbaum say gold stocks were lagging the metal. In this case it helps huh.

Thanks Gary

Anyone track Natural Gas? Looks like it may have bottomed?

ISM weak, now what does the Fed do?

They do what they have to to do, inflate or die.

I'll keep my bets on against the buck.

Let's see if the DX is gunna pull back from the 85.10 area highs and resistance

plenty of cause now built up, but I must say 87.40 area would be the next upside target if it breaks through and holds

if it absorbs here at the resistance, it may break though, but watch reaction

I was looking at ENER at support in the 40 area

http://www.StockSharePublishing.com/ChartL..._1149171191.png

NG.. nat gas is holding well considering crude down

could be a small time frame selling climax in SLV today

How about this one ?

(from JesseL)

cool.. and he even uses a term I've heard before - pressed to the mat

could be some short covering in silver today

We have a silver spring of the April lows

Breakout on Goldmarca GML.V - hit bonanza grade gold and silver - I own this one - bought in at .27.

old, i follow ng, and it appears to be in a bottoming process that may be finished. seasonally this is the time of year for a bottom
gold lower lows . xau/hui not. gold was making higher highs the xau/hui did not follow. sure looks like bottoming action to this observer. i think the lows have been seen for now. june 5 is my next date. doing some buying this am. like the way ric, mfn , gg, mgn, mng nak, ng look . dharma

You could be nailing it Dharma, in times past this type of pullback would've creamed the miners.
My NSU is actually up, I've also got some green energy plays, not by much, but holding up nonetheless.

London is about to close. Yesterday we saw manipulation in the metals markets after NY closed. Shake, shake, shake OR drip,drip,drip?

Very hard to tell.

Hey Planti,
Canyou scale down your silver chart. It appears to be stretching the board. Many thanks

From yesterday ... Now I'm scared

"The $HUI:$GOLD ratio is in a box formation. I added to the rest of my positions this morning throwing "all in". I have a firm opinion on what is coming next, and I assure you, none of you have ever witnessed anything like it. The CoinGuy"

I thought that about SLV yesterday...

TIE now 38, up from low of 31. TIE and BTU seem to be very good performers lately.

ENER feels like the shorts are covering.. grinding higher

DX 84.73

miners leading! no question! dharma

So in two days, gold is down like $30, HUI is slightly up!

Silver donw $1 in two days, SSRI and some other silvers practically unchanged. PAAS and SIL up (recovering form the scare in bolivia?)

SIL looks to have bottomed. Retested the low from the crash day, held up.
But theyre a hedger...

Dennis Gartman on Crapvision says Copper Bull is over, these highs won't be seen in his lifetime again. Gold is ok, looking 2-3 years ahead Gold and Silver will see new highs. ' Silver over $10 doesn't interest him..

bearish opinion

Looks like it's time to OVERload the canoe .. lol

Cramer on Crapvision screams .."Gold stock are going down more.. the demand for Gold is very bad"

These guys are hard pressing the Miners and PMs, been doing it all week .. Think I'll add another 1000 ounces of Silver via 10oz bars

Today is rediculously bullish for the PM stocks. They recovered from a $20 gold drop.

I am green, the majority of my stocks are inthe green. Only SLW is really doing poorly today. others are close to even or up.

yes you have been ander ..so has dharma... and TCG is "all in"

I'd like to see an archive of Cramer's comments. Just curious how many times he contradicts himself from the week before.

The goal of the gold market this week seems to be to confuse the hell out of us all.

Well, getting excited that CBJ keeps getting cheaper. Wonder how long I should wait? I just love Cambior as a company.

There you go, Gartman and Cramer. I heard Kudlow say yesterday that gold was going to drop another $100 an oz.
I think the miners might be saying "not so fast".

These guys are pushing hard on the public to panic out. Criminals.

OH really good chance we've seen the bottom in the Gas. 5.75-6.00 is good support.

We've seen strong metals days with lower miners and vice versa so I am not convinced by today's action. Gold breaking under 630 is bearish. Silver now has a triple bottom in the daily at 11.60, that goes and we see 10.50 very quickly. Good chance we see 575 Gold before this is over maybe as low as 530-540 but leaning towards 575 now. Gotta respect the big volume days down coming off the top of 401 HUI. Looks like a B leg up at best so far.

Yeah, I'm bummed by SLV down with a Muhammed Ali punch

I sting like a butterfly, I float like a bee..

but I must admit this looks like classic May low's with the commodity down and stocks diverging

.......the guy's an idiot......he was just recommending NXG.....i think even just early this week...........he's recommended 500 stocks.......just buy everything with all the money the FED can print........duhhhhhh.....

Notice the triple waterfall on GLD to today's low

1.618 target at 62.18 and confluence area meet

http://www.StockSharePublishing.com/ChartL..._1149213520.png

We could have the makings of a potential spring in RGLD and now demand needs to show up here

http://www.StockSharePublishing.com/ChartL..._1149214050.png

NEM retested the big support and could be in for a potential swing higher

http://www.StockSharePublishing.com/ChartL..._1149214170.png

Triple waterfall decline on SLV and each break of a swing low is not on greater volume

http://www.StockSharePublishing.com/ChartL..._1149214398.png