The fundamentals of precious metals have them very undervalued. Until the world recognizes them for what they are, and that is monie, the fundamentals will remain bullish. Until then, the technical movement of PMs will remain to be sold off. It is the nature of the beast.
Fiat acts as a medium of exchange, and until it does not, people will not wake up from their slumber. With their eyes veiled, people will continue to parade around as if in a dream. Until then, precious metals will continue to be manipulated in panic like action.