GLD, weekly
SLV, weekly
Summary
Gold and silver are seeing resistance at what was once support.
The USD remains broadly strong, and its difficult to see Gold/Silver having broad upside, if the dollar is in the DXY 105/110 zone later this year.
For now... its a confusing mess.
The two indirect suggestions that gold/silver won't break the Dec'2016.. or more importantly - the Dec'2015 lows, are copper... and the related gold/silver miners.
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Best guess? I'm with copper and the gold/silver miners. I'll be looking for a break higher into the early spring. I need to see SLV >$18, and GLD >$124 to have real bullish confidence.
