From the tipping off point of the 5000 day average at 7885 on the DOW to the last of 6594.28 has again proved a significant prognosticator of future prices. The 6200 area remains in sight with the possibility of some jerks higher as the result of bear rallies.

The XAU reamins basically in a trading range with some strength today as gold is higher to $935. The bottom of the range is from 105 to 100. The 105 level is important as it is where the 100 day average is located. The big 5000 day average continues to be close by in the 100 vicinity along with a joining 2500 day average which only adds support to the area.

To the upside expect some technical trouble from the 200 average at 133 and higher up from the 1000 day average at 140. In the mean time, all pm shares should continue to be purchased on weakness starting from 110 and lower. Significant smart money accumulation will continue in the gold and silver share group within the 133 to 105 range on the XAU Index until the 133 to 140 area gets eventually taken out.