How Bad for Bullion?

Gold and Silver were getting savaged, so we searched diligently for clues concerning how long the correction might last and how severe it might be. We also took a close look at the Dollar Index, since the continuation of the dollar’s bear market would be a positive for bullion. Finally, we took a real trade in the E-Mini S&P, using the ‘d’ target of a corrective pattern. The trade worked, allowing us to take a partial profit and to secure the remainder of the position against risk.