GLD, weekly
SLV, weekly
Summary
A new multi-week down cycle appears well underway.... with new lows due into the spring.. if not across the summer.
Holding to original targets of Gold $1000, if not the 900/875 zone by Sept/Oct.
Friday 6 February 2015
A major weekly decline
With US equity markets rebounding powerfully from an early Monday morning floor, the precious metals saw a week of broad weakness. Gold and Silver saw net weekly declines of -3.9% and -3.1% respectively. Near term outlook is very bearish, with new multi-year lows due this spring.
GLD, weekly
SLV, weekly
Summary
A new multi-week down cycle appears well underway.... with new lows due into the spring.. if not across the summer.
Holding to original targets of Gold $1000, if not the 900/875 zone by Sept/Oct.
GLD, weekly
SLV, weekly
Summary
A new multi-week down cycle appears well underway.... with new lows due into the spring.. if not across the summer.
Holding to original targets of Gold $1000, if not the 900/875 zone by Sept/Oct.
