GLD, weekly
SLV, weekly
Summary
Suffice to say, this week could merely be a pause week, before the next major weekly decline.
The FOMC look set to announce QE-taper'4 next Wednesday afternoon, and frankly, I'd be rather surprised if the metals don't see another major smack down.
Weekly MACD cycles look prone to going negative cycle - with a bearish MACD cross next week, and if the metal bulls can't break the recent highs.... a big down wave looks very probable.
