Jojo - more downside potential in PM complex. Dayum, as of July 10th:
The HUI is in full blown breakdown mode and does not have strong support until the low 100s.
Ouch, eh? So, another 30% or so to drop.
Turning to Gold, it appears ripe for a breakdown below $1150/oz in the days ahead. If that comes to pass, then the focus should be on its next strong support around $1000/oz to $1040/oz.
I'll take the other side of that $1040 wager, Jojo.