8:23 am PST. I stopped out of my GDX calls. Very small position. I think gold is overbought now and going to correct.

7:39 am PST. EEM continues to make progress to the upside as expected. FXI too. It might need to consolidate, however, as it is becoming slightly overbought now.

6:02 am PST. Silver futures are up by .02. I still like the pattern. Next level of resistance to overcome is 17.55.

1:00 pm PST. Silver closed right on $17.39, lol. Good enough as the pattern looks bullish for next week. Quadruple witching today. Happy St. Patrick’s Day!

The Dow looks like it wants to go to 20,500.

12:39 pm PST. EEM looks bullish for next week.

12:37 pm PST. XLF looks like it could retrace to $24. The NDX is up near the all-time highs. VIX could be bottoming.

8:41 am PST. Bought some call options on GDX going out a couple of weeks.

8:11 am PST. GDX got stretched too far on Fed day, rallying to the 50 ma, and now has to retrace back and test the 4/8s. It is like a rubberband. Probably putting in a handle to the cup.

6:25 am PST. I am watching silver this morning. It has to break, hold, and close decisively above 17.39 in order to have a shot at 17.72.

1:05 pm PST. It was a range-bound day in the gold market, treasuries, and the U.S. indices. Traders took profits after yesterday’s big run up. EEM ran past $39.50 and consolidated. It looks like it could go to $40, possibly $41 in a few weeks.

6:45 am PST. Gold found resistance at the 21 sma, and is probably going to come back down and test 1222. At the low of 1194, gold did a successful backtest of its breakout from the July downtrend line and held.