GLD, weekly
SLV, weekly
Summary
A bad end to the week for the metals, all the way into the Friday close, with Gold slipping around $30, and Silver 50 cents or so.
Weekly charts look terrible, and we now have a weekly close under what I believe are multi-week bear flags.
Its possible we'll see a brief bounce next Mon-Wednesday (the Bernanke speaks on Wednesday morning to US Congress), but generally, prices look set to keep falling in the weeks..and months to come.
Near term price targets: GLD, 120, SLV 19/17s.
