ORIONS Money Stocks

[Falconoffury]

$GOLD $SILVER new analysis. I thought this was going to be an even better year than last for gold and silver, but I was totally wrong. These metals are entrenched in a deeply down channel. The confirmation was the inability for silver to break $18.50 at the end of February.

If you draw trend lines from the 2016 highs to today, you will see that we are in a death spiral in precious metals. They are going to get eviscerated this year. My price targets are gold $1080 and silver $14.20.

This is all based on technical analysis. I thought the fundamentals were strong, but too many world economies are improving, and that overturns the positives for precious metals. Despite efforts to weaken the USD, it's strengthening anyway. You have to trade on reality, not what you want.