GLD, weekly
SLV, weekly
Summary
Indeed, the near term outlook is pretty mixed.
The metals certainly can catch a 'fear bid', via any sporadic geo-political issues, as we saw just this past Thursday. Yet.. once the market calms down...the gains are quickly returned.
The big issue is when the 2013 lows will be broken. That could be this later this year..or not until 2015, and it is tricky commodity to predict on the best of days.
Regardless, I hold to Gold eventually testing the giant $1000 level, and probably slipping somewhat under it for a few months..perhaps the low $900s.
