GLD/SLV Update

Both are progressing as expected from yesterday's updates.

 GLD 1 is continuing its negative divergence seen yesterday

 Same with the 2 min chart

 The 5 min chart is also showing a negative divergence

 And the 15 min continues, we are not at a reversal quite yet, but moving through distribution.

 SLV 1 min continuing to grow the negative divergence

 The 5 min is getting worse

As I said yesterday, I would expect a little more upside today, perhaps a flat trading range, we are apparently in stage 3 Distribution, stage 4 is decline.