two paths -- 2014
1) Bull to start 2014 and grind higher and close the year around $25
2) Bear to start 2014 where it will see no lower than $14/oz, then it will see a fast and sharp recovery to the $20 level and grind higher the rest of the year.
2015
1) Continue higher into $32-$35 range where we find resistance and close the year somewhere around $27-$28
1) Bull to start 2014 and grind higher and close the year around $25
2) Bear to start 2014 where it will see no lower than $14/oz, then it will see a fast and sharp recovery to the $20 level and grind higher the rest of the year.
2015
1) Continue higher into $32-$35 range where we find resistance and close the year somewhere around $27-$28