Silver: July Silver is currently 26 higher at 14.70. Yesterday the market closed above near term resistance of 14.40. I have to admit that I have missed this leg up and remain on the sidelines. If you are long continue to hold.

Currencies: As of this writing the June Euro is 121 higher at 1.4009, the Swiss 69 higher, the Yen 10 higher and the Pound 75 higher at 1.5910. The June Dollar Index is currently 64 lower at 80.000. I am on the sidelines until next week.

Grains: Yesterday Beans were 6 cents higher, Corn 2 lower and Wheat 4 lower. Over night Beans were 9 higher, Corn 5 higher and Wheat 6 higher. A weaker dollar has provided some upside momentum. We remain long out of the money calls and/or call spreads in July Corn.

Cattle: Yesterday Live Cattle closed 30-57 higher with the August contract closing 35 higher at 83.22. If you remain long from below the 82.30 level either take the short term profit or raise your protective sell stop to the 81.80 level. I still fell that if the market trades above the 84.10 level and closes above this level it will be an upside break out.