slam down in the Euro, and strength of the U.S. Dollar also puts pressure on commodities like Gold and Silver, because they trade in U.S. Dollars. Both were making new monthly highs before the ECB announcement. By Friday, the next day, Gold was trading at its lowest level of 2018. However, Silver was well above its low for this year, for a developing case of intermarket bullish divergence. Bitcoin also took a hit last week. It fell to 6129 on June 13, its lowest mark since the big drop from December 18 into February 6, down to 5911. From a charting point of view, this creates a problem because this cryptocurrency broke below the base of a contracting triangle, which now puts it at risk of falling below $5000, per our recent webinar comments. We will discuss it again – and show our studies - in our next webinar, which will take place next Friday, June 22, at the AAGB conference outside of London (see announcements at the end of this column).