Metals...weak weak..WEAK

Despite the underlying soundness of these commodities, and taking into account all physical demand/supply issues, the metals remain weak. In fact, there is a very real chance of a slaughter fest in the coming few weeks.

SLV, 2yr outlook

A move to as low as $20 seems very viable within the next few months.


GLD, 2yr outlook

Gold remains stronger relative to the more volatile Silver, but today's action was again indicative of underlying weakness. A further $50 fall, should open up gold to $1400..and that will likely lead to some kind of summer low around $1200.

Despite the likely coming fury of the metal-bugs, I'd suggest...(as ever)....any falls are to be taken as a bonus physical 'load the boat' buying opportunity.