4:46 am PST. SPX futures, /es, is up slightly this morning, which was to be expected. I hedged my gold positions over the weekend with a long SPY position and short treasuries position. Silver made another new low as I suspected would occur and the sell-off still does not look done in silver. Maybe $17 in silver and then bounce back up to $18ish before heading down again. USD/JPY also made a new high nearly reaching my 112 target. Depending on what happens today, I may or may not exit my gold positions. I continue to think SPX goes to 2405 before the summer correction sets in, which I think will continue to put pressure on treasuries and gold.

Screen Shot 2017-05-01 at 4.45.27 AMScreen Shot 2017-05-01 at 4.46.01 AM

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