State of the Market – 25 May 2015


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


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



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.