GLD, daily
SLV, daily3
Summary
Having failed to break above the old support - now resistance, it was no surprise to see a renewed wave lower.
Downside targets remain: GLD 110, SLV 17...within the next month or two.
Thursday, 12 December 2013
Another dire day for Gold and Silver
Having been stuck just under old broken support for two days, the metals were indeed vulnerable, and today's major drop once again confirms the broader weakness. Gold and Silver closed with significant declines of -2.1% and -3.8% respectively.
GLD, daily
SLV, daily3
Summary
Having failed to break above the old support - now resistance, it was no surprise to see a renewed wave lower.
Downside targets remain: GLD 110, SLV 17...within the next month or two.
GLD, daily
SLV, daily3
Summary
Having failed to break above the old support - now resistance, it was no surprise to see a renewed wave lower.
Downside targets remain: GLD 110, SLV 17...within the next month or two.
