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Have Gold and Silver Broken Down into Downtrends, or is Today's Weakness a Corrective Headfake?


Both Gold and Silver broke key, prior corrective lows today, but neither has followed through to the down- side with the ferocity we have come to appreciate when the precious metals roll over into a major sell signal.

That said, however, they do not have much room to operate before they press beneath more critical support levels, which, if violated and sustained, will argue that a June-July top is confirmed.

All eyes are on $1305 in Gold, and on $19.21 in Silver.

Conversely, above $1325/30 and $19.85-$20.00, the metals are back in business.

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