There will be an option expiration for the precious metals on Tuesday the 26th next week.

Gold and silver are obviously being capped in this area as we have previously noted.

Monday will be a holiday in the US for Memorial Day.

The economic calendar is a bit light for holiday shortened week, but we will see the second revision of the 1Q GDP which is most likely to be negative. 

Since the propeller heads have already decreed this to be an anomaly, a 'one-off' I doubt we will see much reaction, as is the plan to easing the bad news to us without disturbing the placid thoughts of the herd.

The US Senate is scheduling a rare weekend vote on security surveillance legislation in case you were wondering what it might take to get some work out of this august body.

Have a pleasant weekend.

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