Lots of good comments in the post below -- I hope this short update doesn't derail the conversations. But I thought it would be a good idea to present an updated version of the weekly chart that should tell us rather soon what gold and silver will do for at least Q1 (and probably a lot longer if $1215 can't hold a weekly close).
How soon? Probably by months end, as the critical 30-week MA (purple) is quickly closing in on the fundamental long term trend line (see magnified version below main chart).
