4 month downtrend in gold vs 4+ year uptrend in silver.
As long as silver holds around $30 an ounce gold won't go lower then $1640. If silver breaks through $30, it could get ugly.
I don't see how we break through support. Central bankers and governments continue to spend like money is going out of style. India is buying gold again now that the rupee is going back up and offsetting the tax that India put on gold.
It will be interesting to see what happens when the downtrend meets the uptrend. I say we get a nice pop of 7-8% in gold and a 14-16% in silver. JMHO