GLD, daily, near term
Weak weak...WEAK. There is nothing good about this chart, its headed for 150..and probably 120 later in the year.
SLV, daily, near term
SLV close to the precipice. The key $30 level..so close to being taken out today, but it did hold!
Bullish case...$30 holds .. offering a possible inverse H/S ? I'm not sure what that might imply for a target...but surely at least 34/36..near term.
Bearish case....if 30 fails..then immediate - and fast move to 25/26.
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As stated many times in the past few weeks, metals are bearish in the mid term, with targets of $1200 and $20 respectively.
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