Shouting the word "NOW"
And you say, "For what reason?"
And he says, "How?"
And you say, "What does this mean?"
And he screams back, "You're a cow
Give me some milk
Or else go home"
Something's happening here, and the hell if I know what it is. But gold held on the weekly chart, and I'm thinking this week will be a big up week.
And check out the 4 yr weekly gold chart in euros:
Can gold in euros really break down here? And can gold collapse in dollars without it collapsing in euros? Then check out the gold monthly chart going back all the way to 2001 (this being the last week of the month, minus Monday, April 30) ... during this entire bull run there hasn't yet been three down months in a row.
So, this might be a good week to set your homepage to kitco.
Silver continues to trade strong. It refuses to fall into the pink zone on the daily chart, and clearly a resolution of a super wedge is approaching on the weekly chart:
The "10 yr yield in silver" chart has spent 6 weeks above the purple channel. It had spent 5 weeks below it in August/September:
Finally, on the $CCI commodities index chart, we bounced right off the Fibonacci 61% level: