by David Brady
Sprott Money
Today, I am going to focus solely on the short-term technicals. We have covered the fundamental triggers sufficiently in prior articles. Sentiment has rebounded across the complex, which suggests the low is already in place but also maintains the possibility of a positively divergent lower low. Money managers and commercials are adding to their longs and shorts respectively, which is bullish for prices. The dollar and real yields are falling again. Everything is looking up, as I said back on March 11. All we need now is the break of key resistance to confirm the bottom is in.