monthly chart analysis, page-4

Have a look at the charts from 2003 they rally and fall with each other even when the dow was in a bear market they rallied in tandem, a falling gold price is the leveraged hedge fund/insider community getting out of gold before the inevitable selling caused by falls in general equities. Gold is just another debt bubble asset like stocks and real estate. A fall below the recent low of $770 would signal to me that the powers that be are going to fail in their attempt to keep the equity bubble inflated. No doubt you will throw oil back in my face but you will be wrong as oil has utility while gold does not.