GLD ETF…expect price rejection anywhere close to 122.88 the first time up.( App 1275 August “Q” Gold.

Do not try to buy strength into this level. This instruments is buy on dips, not on strength.

A close over 123.91 would lead to the next set of buy stops being elected,
which rest just over 126.38.

Silver…is holding Friday’s first resistance of 19.31. This is key because
old resistance is now new support.

Our initial upside tgt of 20 was hit in early Asia.

30 yr. Bonds…I still think these go higher into unemployment but I will
revisit the price action Wednesday. In the meantime look for equidistant swings.

What it did on the downside it can do on the up, once sustaining higher on the qtr.
Full point swings.

I still want to sell the AUD/USD @ 96.70.
The 30 yr. action will dictate whether we see it or not.

Buoyant Bonds = Strong Aussie this week.

EUR/AUD…will take closes under 140.86 to tgt 138.40-70.
This will be needed to get a rally in the Aussie to our dream sell level.

Spu’s…time frame trading the rest of the day. The swing count we’ve had since last week was into the mid to upper 1620’s.

Do not fade strength after 12:30 CDT.