Pic wrote: "Relax.....full moon low arriving today or tomorrow. Silver was $39.50 five trading days ago and wol have been a nice moon volatility trade. That's it! ...minimal moon stuff going forward from pic."

This technician (Mr Ferguson) also thinks G&S are bottoming. Check out Silver - it's seriously challenging the dominant short-term countertrend down trendline.

http://www.tfmetalsreport.blogspot.com/

ESL comments: In my own view, the time is ripe for an end to this corrective nonsense. Based on a Fib count, the Osama correction could come to an end as early as tomorrow but most likely Thursday. On a fundamental note, it was interesting to observe that no matter how hard the MSM pumped a looming restructure (read default) of Greek debt, the Humpty Dumpty Dollar was repulsed at 76 like it hit an electric fence. Also recommend reading Norcini's latest blog piece tonight. His point? We're not out of the woods yet in that a lot of technical damage has to be repaired, however technical forces could be bottoming here leading to the beginning of a meaningful turnaround in G&S. So Sinclair's call for a lively June rebound is still well within reach.