JUN GOLD

Resist: 1582.00*, 1599.70-1602.00
Supprt: 1556.70, 1546.30-1544.40, 1530.50-
Comment: The market is bearish, but appears to be rebounding off the 1530.50 target. A close under 1528.50 is
needed to add selloffs to 1505.30-1490.50. Yesterday’s rebound off 1530.50 alerts for a multi-day correction that will stage a test of 1582.00* resistance. A close over 1582.00* signals a sustained recovery phase with a pop over
1602.00 sending climbing action into the low 1599.70’s.

JUL SILVER

Resist: 28.10-28.10, 28.88-28.98
Supprt: 27.37, 26.55, 25.77-
Comment: The market is bearish, positioned to send washout action against the 26.55 late December swing low.
A close under 26.55 could extend washout declines near 25.00+/-. Yesterday’s corrective rebound should see
follow through rallies struggle to climb back over 28.98 if bear forces have control and sideways congestion at
27.97-28.98 should bear flag. A pop over 29.12 is near term friendly and could spark a retracement run over
29.95+.