This was a good day today in terms of solidifying the patterns that were established late last week.

Gold

Gold remained above the all critical level of $1220 and closed at $1233. Though from the pattern it has not still broken the long term trend line (See chart of GLD below), it has not signaled a clear trend reversal just yet. It is looking increasingly possible to show strength. With gold, one has to be cautious as it is heavily manipulated and July is shaping out to be a rather strange July this year.

Silver

Silver broke through the initial resistance and closed above the resistance. See SLV chart below. It broke through the resistance with strength and closed at $16.08 up about 12 cents. As mentioned earlier, I would like it to close above $16.20 for me to confirm the trend reversal. There are significant barriers for silver at $16.20, $17.50, $18.50 and $21.50 but the $16.20 level is where we have seen artificial smashing. Let's watch the situation tomorrow.

Ethereum (Crypto)

Cryptocurrencies, in general, saw money coming in again. Total market cap is at $73 billion up from $62 billion from Friday. IOTA was the only one that resisted the downtrend. Ethereum was hit the hardest but has now broken out of the short term downward trend (see the purple area in the chart below). If it breaks through the $225 level (from the current price of $185) then I may start to plot upward trend charts but not at the current level. Ethereum did briefly go below $138 level, the level that I have been mentioning as a key support level, but it quickly bounced back and never looked back. This is similar to Bitcoin level of $1850 which is a key support area. Prelim survey is suggesting 43% support for Segwit2x. 80% support is needed. It is still too early to make a call. The first call will be made around July 21st followed by second call (in the event 80% support not received) on August 1.

Dollar and Oil

Dollar didn't show any strength and closed mostly flat with oil down a bit.

Stocks

The number of industry pundits calling for a stock crash in the near future is increasing. With FED becoming a major buyer of select equities, we don't need black swan event to bring the market down. FED and Sovereigns like Switzerland and Japan buying the stocks in such a massive volume IS the black swan - right in front of our eyes. What I am saying is that the economy can be collapsed by a click of a button by FED!

In the end, and as always, be prepared and be safe!