Just thought I'd post an interesting chart of the gold/silver...

Just thought I'd post an interesting chart of the gold/silver XAU index vs the DJIA.

Make up your own mind as to whether we are in a similar position to last year (eye of the storm?). Worth noting the precious metals index is in a bearish ascending broadening wedge. A likely break should send it back down to a minimum, the lowest valley in the pattern, ie 'the green line'.

Haven't charted gold much recently, but I suspect this will bring the yellow metal down a couple a hundred $$, perhaps around the $650 figure. Still looking for silver to come down a few more dollars as well. Should offer good buying at those levels, and perhaps another physical shortage at the mints.