GLD, weekly
SLV, weekly
Summary
Most notable aspect of the week, is arguably the closing weekly candles themselves...both Gold and Silver settled with a black candle.
As is often the case, the black-fail candles (as I like to call them), are more often than not, early warnings of a further weakness.
Silver remains especially close to taking out the lows from 2013, and Gold isn't too far behind either. It really won't take much of a catalyst to break new lows, and I do expect them..sooner or later.
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Holding to bigger picture downside targets, Gold $1000/900s, with Silver in the low teens, perhaps even 12/10..before a grand new multi-year up wave.
