I think everyone who is in precious metals should take a look at this chart that goes back 40 years its the relationship bettween gold and the usd index.The two seem to move in different directions.Its not an exact science because the other currencies that the USD dollar is valued against have also devalued against gold.Also a very important thing to look at is US intrest rates when gold hit its high of $850 in 1980 that was the point when Paul Volcker jacked intrest rates up to 20% in march of 1980. That was the same time $50 Silver got destroid. So the two things to watch is US intrest rates and the USD index they both work against PM as we have seen in recent days with the USD index moving as high as 81 now hanging around 80.
I dont expect gold and silver to rise until the USD index starts to move down again.(shame the chart does not go to 2010)
