5:21 am PST. /GC continues to sell off this morning while silver holds its yesterday lows. /GC trading at 1253 as of this writing. These types of patterns can produce waterfalls, but I think possibly unlikely given how much silver has fallen already, and GDX is starting to positively diverge. So, I anticipate more of a choppy bounce in gold perhaps back to 1280, 1275 when silver bounces back to $17-17.50.

/gc 1250 is possible today, and then we will see, maybe 1244.