I wrote this yesterday in the Gold Price Dropping thread in Scrap Metal Pricing section of the board:
"Freaking waterfall for sure. This thing is really rolling up on itself now. I am sure alot of margin selling going on. Just an opinion but I am seeing an 1150ish target on a few charts. If that doesn't hold to the down, it could get way radical as the next strong support seems to be in the 680ish area.
Silver....we seem to be in a target area right now. If that fails, we are seriously looking at possible single digit pricing.
Stay frosty.
Don't take this as investment advise. Do your own DD, etc.....etc...."
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