Sellers cracked the 1378.70 midpoint support so hard yesterday that it appears likely the downtrend will continue to at least 1348.50, the ‘”D target with which it is associated. That implies that a key low at 1352.00 recorded on November 26 will fail as support, although not by much. Since we never want to chisel a bearish forecast for Gold in stone, and because Silver, ever feisty, could decide it doesn’t want to knuckle under, we’ll allow for the possibility of a bullish reversal. It would be decisively signaled today by a print above 1396.20.