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By Warren Bevan Markets began to act sloppy this week and began to break below breakout levels late in the week. I locked in all my gains Thursday and am now in an all cash position and looking for a little correction. Unfortunately, Friday saw two of the stocks I sold have stellar days to the upside and I just watched. I can't win them all but the churning action we've seen more and more of in the past week makes me happy to have not taken a single loss and just locked in gains. Churning often leads to moves lower and markets are showing failed breakouts and June tends to be weak so I am cautious here. Gold and silver broke below the patterns I showed here last weekend and are set for more downside once again. When the metals are breaking a perfect bearish pattern which says lower, as they are now, all I can hear are the crickets!   Gold lost 1.57% over the past week, which isn't a lot, but it is breaking the continuation pattern triangle I have shown in this free letter. There really isn't much else to say. Gold has support next at $1,150 and then we see what builds on the charts. Subscribers knew the short level and many are now short gold and looking to book gains at $1,150. I could go on but there is no need. Charts keep things simple and clean if there is a pattern, if not, there is even less to say.  Silver lost 3.68% this past week and also broke below the bearish triangle pattern I showed here last weekend. Silver found support near $15.75 since that is support on the chart and now it looks like it will move back up to test the $16.50 level. The dominant trend remains lower and that's that. We may see some rangebound trading for a few weeks or more between $15.75 and $16.50.  Platinum lost 1.28% and is following gold and silver as always. Platinum tested the $1,090 level I talked about here last weekend as a support level and it looks set to bounce now. I'd look for a range trade between $1,090 and $1,120 for a few weeks or more.  Palladium lost 3.20% last week and broke below the large triangle pattern I showed you here in me free weekend letter last weekend. Palladium stalled around the $760 support level and flipped it to resistance by trading a few days under it before moving lower once again towards the next support area at $730. Enjoy your weekend. Thank you very much for reading and you can find out more about what I do for members as we focus on leading stocks for the most part at http://wizzentrading.com | 
