the US dollar is in some trouble. at the moment.

The precious metal dealers have stock in the back room that they can't sell without a loss due to fast move down. So, they profess they are "sold out" due to big demand. They were caught like the real estate people.

right now, i think the pms can rally, the question is how far (probably limited by the supply trapped by the rapid price decline). but, the news will have to create froth to get to the supply.

maybe the GBP topped today and the EUR will bottom now and run a bit up.

cl should top next week, i believe. that says something we must listen to. the metals will listen.

icd