Gold Resumes Decline, Down $22 To 5-Month Low

Gold $1227.60 down $22.80, platinum $1353.97 down $10.13. We're including platinum in the quotes because of last week's "Platinum deficit to widen while prices decouple from gold" and "If You Absolutely Have to Have Precious Metals Exposure, Consider Platinum (HSBC)"

The June 28, 2013 low was $1179.40. When we get there we'll have to take a look at the charts.
The ultimate target is $875 in Q3 2014.

As for the miners the GDX and GDXJ are among the worst performing ETF's of 2013 with more downside to come.

From Kitco:

UPDATE: Comex Gold Falls To 5-Month Low on Technical Selling Pressure, Firmer Greenback

Monday December 02, 2013 10:30 AM

(Kitco News) - Comex gold futures have dropped to a five-month low in mid-morning dealings Monday. Gold and silver are seeing selling pressure tied to very weak technical postures that continue to invite fresh short positions into the futures markets. Also, some generally upbeat U.S. economic data Monday morning has helped to boost the U.S. dollar index to its session high. The firmer greenback is a bearish daily outside market force working against gold and silver. February gold last traded down $20.80 an ounce at $1,229.60.

Recently:

Gold Miners: What a Long Strange Trip (GDX; GDXJ)
"Cash Costs A Better Indicator Of Pressure On Gold Mining: Citi" (GDX; GDXJ)
As Gold Prices Retrace to the June Lows Mine Output to Reach Record High (Junior Miner ETF Approaches All-time Record Low) GDX; GDXJ
Chartology: "Gold’s Bearish Technical Setup"
Gold Miners: A Fool And His Money (GDX; GDXJ; GLD)
Gold Forwards: "Look For More Weakness In Gold"
Gold Down $22.30 As Longs Lose Hope

That gets us back to Nov. 8.