To the surprise of no one, the PMs rallied overnight and then were stopped dead in their tracks at 8:00 a.m. EDT by The Cartel and their monkey minions.

We've discussed quite a few times the apparent significance of the $36 level in silver.
http://tfmetalsreport.blogspot.com/2011/03/curious-case-of-36.html
http://tfmetalsreport.blogspot.com/2011/03/clinging-to-36.html
http://tfmetalsreport.blogspot.com/2011/03/questions-continue.html

The pattern continued this morning. May silver reached $36.18 this morning before being beaten back like a Gadaffi rebel. Expect this pattern to continue until/unless something dramatic happens. For now, if you want to play along, you can trade the range. Buy near 35, sell above 36.

Gold also traded back to its resistance zone of $1430. The selling above that level doesn't seem as forced and as manipulative as the selling in silver so perhaps gold will be able to slowly draw away and UP as we go through the day and the week. Keep in mind, too, that April options will expire at 1:30 pm EST next Monday, the 28th. That little fact is certain to add some volatility to the mix.

Crude, having rallied Thursday, Friday and overnight is now taking a breather. It needs to be watched, however, because if it can't get UP and rolling toward $104 soon, its going to roll over and head back down toward 99-100.

Finally, here's a snapshot of the dollar:

That's it for now. More later. TF



p.s. OK, here's some actual $ analysis that someone sent me
http://goldscents.blogspot.com/2011/03/end-game.html
and here's a chart that goes back to the beginning of this year. Yikes!