Last time I wrote, I pointed to May 19th as being a likely, important bottom in the precious metals complex. It is May 16th in the evening as I write this. If I’m correct, the next three days should prove to be huge down, especially for the miners. Most analysts admit that we are overdue for a correction, but they have no idea how fast and furious it may turn out be.

Below are charts of GLD, SLV and GDX:

 

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