State of the Market – 25 May 2015

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Long term remains overbought.  Its uncertain advance the last few months reflects a confused market.

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Medium term is a little above neutral, and  lagging recent highs.

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Short term is neutral.

The next Bradley turn point is June 9th.  Gold and silver continue to carve out what may turn out to be bottoms when we look back a few years.  We need them to break above, and stay above their 50 and 200 day moving averages.