GLD, weekly
SLV, weekly
Summary
Suffice to note... the metals are merely seeing a short term bounce, having broken new multi-year lows.
I would give a probability of ZERO that the metals have seen a key floor.
Further declines look a given... at least to Gold $1000, and almost equally likely... 900/875.
*if correct, it will bode bearish for the related mining stocks.. regardless of however strong the main market is.
