Silver is set to re-test the Sunday low. 41.77-42.05 is the Keno level. We are not playing this time down and it is a level for only the nimblest of professional traders to monkey around with. A close below 41.77 would solidify our view the yearly double top pattern will remain intact for a while with more downside to come.

The Midcap and Russell have been leading the down in the equity indices. I am expecting more weakness into tomorrow if we see both the Spu close under 1355 and the Nasd under 2390 ish.

We will add another 30% to our short Aussie position on a 108.40 stop close cash ( app 107.75-80 June futures) Use the 4 P.M. NYSE closing time to elect the trade.