For those who like to follow unconventional TA I reiterate my projections for the next little while which predicts a temporary top in Bullion by the end of this week, followed by a brief consolidation period lasting about a month and a half, then Gold & Silver go ballistic in May and June.

I expect the Hedge Funds to begin covering their huge PM equity shorts in earnest shortly, clearing the way for them to go long in a big way in the coming May/June rally. This will provide PM shares with a healthy amount of support in the coming weeks and overall should result in a sideways-biased chop in PM shares.

I do not pull this stuff out of the air but rather from an increasingly accurate cycles-based proprietary model that I have been honing for several years, which predicts tops & bottoms in both Gold & the US Dollar.

Happy & prosperous trading!