Gold, monthly2, fib levels
Silver, monthly2, fib levels
Summary
*the following remains the 'best guess' wave count for this multi-year retrace, after having rallied a full decade.
GLD, monthly'2
SLV, monthly'2
Summary
Suffice to say... for the gold bugs, it was another year of disappointment.
To me.. the continued weakness was most certainly not surprising, and I hold to the original targets from spring 2012.. when the key break of trend occurred.
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*I will be looking to go heavy long the metals (ETFs and physical), AND miners in summer 2015. For now, I remain more than content to sit on the sidelines.. and wait for another sig' wave lower, which should at least take Gold to $1000.. if not briefly 900/875.
On any basis, going long metals/miners, when Gold is around $1000/900, seems like a superb level to get involved for the long term.
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Update from silverfuturist
