Ann: Quarterly Activities Report , page-49

Oracle your exactly right. Interest rates are getting closer to going up all the time. I think people are starting to price this in the US DOLLAR.

The medium term trend in gold is most definately down IMO. We had a lower swing top that is also a bear flag. It has broken the bottom of the flag, its all down hill from here until it breaks this trend IMO.

Obviously on the US DOLLAR we have a bull flag. Its no good.

This is the very reason I sold SLR a few weeks back.