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Black and White Technical Report
Commodities and commodity stocks continue to rally against perceived shortages, both soft and hard products continue to trend higher. Markets begin to price in higher inflation and more expensive money. The technical reversal signal mentioned 2 weeks ago is beginning to play out as major Indices find continuing resistance to higher prices. The seasonal price weakness of the May period is fast approaching. Sentiment remains divided about the immediate direction of markets, the Technicals seem to be pricing in a higher inflation higher interest rate environment. Gold and Silver remain well within consolidation zones, ... (full story)