GLD, weekly
SLV, weekly
Summary
We're still seeing sporadic little bounces in the metals, but such gains do nothing to the broader collapse wave that extends back a full four years.
The recent low for Gold of $1045 makes no more sense as a key low than $1232, 1130, or 1051 did.
Mr Market will surely want to wash the $1000 traders out. Further weakness to the 900/875 zone looks highly probable in first half of 2016.
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If the precious metals do break new lows, the related mining stocks will be seriously impacted, regardless of however strong the main market might be.
