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Precious metals extending.. Europe shows signs of peaking

2.5 hrs to go, we're seeing a pullback to test earlier lows which held initially around 8 am, while most of Europe closed down 1% and have more Bearish near-term patterns.  Yields are dropping, while Gold, Silver are extending gains, but only Energy is down more than 1%, and outside of Telecom and Materials, Real estate, no other sector is lower by more than .50%. and Tech still outperforming-  Overall, UNDER 2283 should lead down to 2275-6, but should be an area to buy dips.  For the days ahead, one should look at expecting MORE underperformance out of Europe than US and ETFs like VGK or EZU look like better risk/reward shorts than attempting to sell QQQ-   Also, precious metals are extending gains into today's close and this area is quite attractive for longs in the near-term.  GDX, NUGT, GLD, and stocks correlating strongly with the metals-  Let me know if you have any questions