A Shaky Bottom in Bullion

Gold and Silver were getting trounced when we looked in on them during this action-packed session. A washout low? Probably not, if one reads the technical evidence dispassionately. We identified some new targets and made a short list of things we’d need to see happen before the turnaround would become credible. There was also a discussion of some very subtle distinctions between internal and external lows on charts of larger degree.