With a definitive upside breakout extension in the #dollar to the highest levels since March 27th this morning the downside pressure in #gold and #silver is expected to extend today.

Strength in the dollar is likely the result of emerging hawkish views toward the US Federal Reserve stance in the June 13/14th FOMC meeting.

While reports of progress on the debt ceiling negotiations lower the prospect of default, until an actual deal is inked traders should fear a breakdown in talks and a last-minute drama of some sort...[MORE]

Please subscribe to receive the full report via email by clicking here.