Choppy week for the metals

With significant Friday gains, the metals managed to close broadly flat for the week. Gold and Silver saw net weekly changes of +0.1% and -0.2% respectively. Price structure remains a large bear flag, which has already been arguably confirmed.


GLD, weekly

SLV, weekly

Summary

Little to add.

Most notable... King $ remains King.. set to strengthen across most.. if not all of 2015, and that should keep strong downward pressure on Gold, Silver and even Copper.
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*I've zero interest in being long the metals until Gold is trading around $1000, if not the 900/875 zone by mid 2015.

If metals remain broadly weak.. the mining stocks will similarly remain subdued.. regardless of further main market strength.