Trying to find real signs in this market is very difficult.

Trying to find real signs in this market is very difficult. It’s as if trying to find one whistling bird hidden among the trees and bushes. You really have to work hard to isolate the one whistle from the noises surrounding you. The media’s constant prattle does little to give true direction and causes more obfuscation than warranted in most cases. Yet the precious metals on lack of news continues to follow the trend developed since last week’s Fed announcement. Momentum has completely shifted and is targeting the downside. This is the second day in the row the group is in the red and not looking like there is no major support coming out yet. Today’s Factory Orders report was weaker than expected but did little to help the metals. Platinum is likely the one metal that will hold its next support level at 955 and most likely should turn around. For now get your binoculars out to look for any news that may be useful in validating a position, it seems as if it is harder than usual.