The commodities are all back with a vengeance since the opening bell last night. Trading should be viewed as technical for the next couple of weeks. Focus on buying any good “big break” where you can manage your downside. Keep on top of your short term charts. Day traders should find plenty of opportunity from both sides of the market.

We would love to be able to pick up Silver between 29-31 for a long term trade this month. In order to get this type of trade location we would expect to see some very big swings over the next couple of weeks.

Our only position is short the Aussie. We will leave the stop as is ( 107.60 stop on close)