Gold, monthly
Silver, monthly
Summary
I remain holding to the original outlook... with Gold $1000/900.. but it is clearly taking longer than expected.. as the USD has trundled sideways since the spring.
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A continued bearish outlook for Gold and Silver would only be dropped on any sustained price action >$1300 and $20 respectively. Frankly... such upside looks unlikely.. rather than weakness into year end.
Price structure on the weekly charts (not shown) is a large bear flag... and hence.. I remain highly inclined to the broader bearish scenario.
