You would think the death of Osama Bin Laden would rally the markets, but it didn't. The markets are trading inverse to the US Dollar. Late in the trading day, we saw the major indexes as well as precious metals pullback in as the Dollar rallied.

SLV-towards the 61.8 retracement or around $33.50 I'd start to get interested.


GLD-Pierced the Fibonacci resistance and formed a topping tail. A pullback is expected.