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The coming summer should be exciting for traders! While summer trading generally tends to be slow, this one could be different. A large number of other professional traders I talk with are all feeling the tension building in the market.

Everyone knows people make mistakes when rushed to do something or if they are scared of something bad happening.

It was a crazy session as the stock market slid over 2% on heavy volume. This type of price action means fear has taken control of masses and they are unloading (selling their stocks) in anticipation of much lower prices.

Here is quick pre-week analysis video explaining what I think could happen in the gold, silver, oil and the stock market.

The dollar continues to control the short term movements in both stocks and commodities

We are about to see some fireworks across the board in the next few trading sessions and I'm leaning more towards lower prices

The price action in precious metals and oil this past week has been breathtaking. The last time we have seen this much volatility in commodity prices was amidst the financial crisis in 2008 and the early part of 2009. Does this mean we are at the brink and risk assets are going to decline precipitously?

The past few weeks we have been seeing the US Dollar slide to new lows at an increasing rate. The strong devaluation of the dollar has sent precious metals like silver and gold rocketing higher out of control sending them parabolic!

Time for a market pullback?

Posted by FTBRon on April 21st, 2011

It has been a very interesting week thus far. Monday kick started traders with a heart pounding equities sell off which sent money into the US Dollar, precious metals and bonds as the safe havens of choice.

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