Current holdings are a 50% position in the JJG which was initiated May 12th against the 200 day moving avg. We have taken a piece of this trade off each of the past 2 days. Many of you long term investors still have some Gold & Silver longs. We are still looking to buy closer to the end of the month.

Short S&P/Long 30Yr. Bonds have been the big game and should continue to be. Yesterdays highs in the SPU should be used to manage shorts against. 124.13 -15 in the 30 Yr.Bond is the support level and downside pivot to use today. A close today in the Spu below 1334 should portend more weakness in the equities.

Euro is being sold again against the buying of Gold…Pay close attention to your daily technicals for intra-day spreading opportunities.

As always the Yen crosses are generally a good indicator of risk on or risk off.