Gold proceeding as expected

The broader downward trend from the commodity peak of spring 2011 continues, with Gold having followed Silver and Copper with a break of the key low from Nov' 2014. Gold and Silver closed lower by -2.9% and -1.7% respectively. Near term outlook offers threat of a very brief bounce, but regardless.. Gold is headed to the giant $1000 threshold.


Gold, monthly2

Silver, monthly2

Summary

*the above wave counts are currently 'best guess', and have largely been unchanged since 2012. In theory, a key multi-year low this autumn remains very possible.
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Suffice to add, regardless of any minor bounces - as there will no doubt be, the broader trend remains starkly bearish.

Targets:  Gold, $1000/900,  with Silver 12/10.

If correct, most mining stocks have another 25% or so to fall.. before a core floor can begin to solidify.