Gold and silver and the Gold and Silver mining stock have started what I believe is going to be a drop. Silver is looking very weak and once it breaks the support, we could see a sharp drop. The silver mining stocks are looking very weak as well and the SIL is about to break support and make a move down. Looking at GDX and the GDXJ – we could see a sharp drop coming as well. If you’re in Gold and Silver and the Gold and Silver mining stocks, then, be prepared for this next week as it might get ugly.
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Gold and silver – Gold Mining Stock and the Silver mining stocks are looking very weak right now.