As indicated in the first chart, the recent 6 day drop in the USD has been the most severe in history. This has led to a move back into commodities with gold and silver leading the way. However, the charts further below clearly show that both gold and silver are in need of a short-term rest so I would not read too much into today's trading activity. For once, the NY cartel may have actually assisted our efforts.

PM's shall return - VHF

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Highlighted below are the trading range charts of ten major commodities. The green shading represents two standard deviations above and below the commodity's 50-day moving average, and moves above this shading are considered overbought or oversold.