1:02 pm PST. We had a decently bearish close on GDX that makes me bearish for Monday.  Treasuries sold off into the close the way I wanted to see GLD sell off. SPY recovered reasonably well from its midday spike down. I would have like to see a more bullish close, but when looking at it in context, I remain bullish and have a target for 236.50 for Monday.

I saw an IAU print for 1.1 million at 12.37 and we closed right on it. The market really just closed on key levels not giving too much of a hint one way or the other before the French elections on Sunday. I saw a rare NEM print at 34.35 for 540,000, and we closed below, which suggests further bearishness for next week.

The Euro had a midday bounce as expected. It still looks somewhat bearish.