The world of precious metals continues to be quite grim. Indeed, gold and its brethren have suffered tick-for-tick with the bond market.
The chart is crystal-clear: a right triangle pattern that has been quite plainly broken, and is at risk of much, much lower prices.
![slopechart HUI](https://slopeofhope.com/wp-content/uploads/2021/02/slopechart_HUI-640x343.jpg)
The same holds true for gold itself. Important support has been breached (which explains why, as I’m typing this, gold is down about fifty dollars an ounce!)
![slopechart GLD](https://slopeofhope.com/wp-content/uploads/2021/02/slopechart_GLD-1-640x327.jpg)
Silver remains “the least dirty white shirt” in the precious metals closet. It is down hard too, but at least the pattern still has a fighting chance.
![slopechart SLV](https://slopeofhope.com/wp-content/uploads/2021/02/slopechart_SLV-1-1-640x327.jpg)