It is you that cannot read the graph!! The graph Alpha has shown indicates that the Dow/Gold ratio has peaked and is heading down. A downward trend in the ratio is a falling Dow/rising gold price.
As for the gold price, I noticed a flag forming on the weekly chart. The gold price has now broken out of this formation with a price target of $380-$385.
Remember people! The trend is your friend!! As for people like Georgenow and Arhidis I suggest we all treat their tea leave predictions with a grain of salt. Yes the price of gold is like any other stock and will have corrections in this ongoing bull market and yes they will both come out with posts stating they told you so, but quoting the Technical Analysis manual '" The trend is still in tact until the oppisite trend is confirmed". If there are people out there that feel there is a war premium in the pog, then I suggest you use tight stops to get you out.
