Gold, monthly'2, fibs
Silver, monthly'2, fibs
Summary
It is pretty incredible that despite a very significant net monthly decline for the USD of -3.8%, the precious metals still failed to achieve a net monthly gain.
*holding to original targets... with Gold falling to the giant $1000 threshold this summer/early autumn, with Silver in the 12/10 zone.
If correct, the mining stocks will suffer hugely, with likely downside of 30-50% from current levels.
A key multi-year low looks viable in late summer/early autumn... and that would be similarly the case for mining stocks.
