GLD, weekly
SLV, weekly
Summary
Suffice to say... with the US dollar at five year highs, and set for much higher levels (not least if the ECB start a QE-pomo program), the metals look highly vulnerable.
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Holding to broader downside targets...
Gold $1000, if not the 900/875 zone in second half of 2015.
Silver 12/10
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If those targets are correct, the mining stocks will remain very subdued, regardless of how strong the broader equity market is.
