Gold Price And Gold Stocks Slide, But The Medium-Term Bearish Case Is Likely Much Bigger

Gold and gold stocks are experiencing a decline, influenced by the USD Index breaking above 100, which may lead to a significant market shift. Bitcoin is also showing warning signs, potentially invalidating its previous highs. Mining stocks are underperforming, indicating further declines in precious metals. The GDXJ has dropped below its October lows, and both gold and silver prices are forming bearish patterns. While long-term prospects for silver remain bullish, short-term corrections are expected. Overall, the market appears to be at a critical turning point, with potential for broader declines across various assets.