This week should be quiet due to Good Friday and a light release of economic data. Still gold and silver can explode at any time. We will see how ECU trades after a high volume week.

Provided below are a few noteworthy tidbits from TSG.

Regards - VHF

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"There is a lot of cash on the sidelines looking to get into the market. Despite the fact that we are still in a bear market, cash doesn’t do much good if it isn’t working which is why this rally has been so explosive... But the fact that pundits like Jim Cramer are so confident that a new bull market has begun is a bearish omen. At true market bottoms, the majority including the Jim Cramers of the world, have given up, and this is most certainly not the case now.

This week marked the longest running streak of weekly gains in eighteen months. On the flipside however, we hit the highest unemployment rate since 1983 in March and although unemployment (and most other economic metrics for that matter) are lagging indicators, it shows that this recession is still very much alive and well.

Weekly volumes were again above average for the major indexes but this was the third consecutive weekly drop for the Dow Jones Industrials and S&P500 Indexes. That is bearish in a rally. Rallies require steadily rising volume to keep them going and without it they soon run out of gas.