Stock Advice: A trade back above $1600 was rejected with June gold settling $5 below that pivot point. I'm still anticipating a challenge of the late 2011 lows approximately $60 from current levels. Silver closed lower for the fourth consecutive session as the slide continued to drag prices closer to my target at $27.50 in July. Copper is finding mild support around $3.64 in July. I see a break lower but it will likely coincide with a decline in the stock market so key off trades in the equity market. Ultimately when $3.55 gives way we should move towards $3.30 but it may take several weeks if not months in my opinion... Continue to read.
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