Gold and silver were in the uptrend since the beginning of February. But it seems their run up was a mere correction which is about to be done.
Gold has corrected 78% of its initial decline since December '09.
The move down will be confirmed after the breach of the low trend line (now at about 1130):
As for the silver, the story is about the same, except that the correction was a bit deeper.
And as for the broad market, the drop of PMs will be anything but bullish.
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