Hell-Night for Bullion

Bullion quotes are in a freefall Sunday night, with gold and silver down, respectively, $78 and $2.25 per ounce.  The so-far low at 1422.20 in June Gold is just $8 from a 1414.50 target that I’d expected to take at least a week to reach. As for May Silver, it has significantly exceeded a 24.925 downside target that looked like a worst-case bet just a couple of weeks ago. I will update both shortly with new price objectives.