Gold, monthly2
Silver, monthly2
Summary
With new multi-year lows of $1051.60 and $13.86, there is absolutely ZERO reason why any of the gold bugs could have any reason to yet call a floor.
Indeed, it is notable that these lows were achieved with the USD settling November only at DXY 100. If the 105s.. or eventually 120s... what might that equate to?
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Holding to original targets...
Gold $1000, then 900/875
Silver $12/10
*around the psy' level of $1000, price action in Gold is likely to get a little wild, as more capitulate, but with the $1K buyers set to appear.
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If correct, the related mining stocks will be seriously impacted, regardless of however strong the main equity market might be into spring 2016.
