In the last week, the odds of a rate hike at the June FOMC meeting have gone down from nearly 90% to 66%. This will be the second time we see a significant change in the probabilities only a couple weeks out of an FOMC meeting during this round of tightening which started in Dec. 2015. However, the first time I'm referring to was the March meeting, where the odds went from 20% believing a hike was coming to 67% a week later on March 1. That shift in probabilities rang true. This leads me to believe that there will be no rate in June, and that the PMs will continue to appreciate as the % decreases from 67% to 50% to 25%, etc. before June 13/14.
silver also has nice cup and handle pattern with slightly higher target
i will post targets on silver momentarily