Gold is forming a bearish pattern here on technically but where as fundamentally its dollar still leading as fear levels rising in EURO zone coz of the PIGS going down.People over and over jumping from one ship to another i.e euro to dollar and dollar to euro, And this end game is coming to end.Once the bond market implodes we precious metals will be crowded, we are seeing in muni markets as this debt cancer is spreading from rootl levels which will haunt tax payers and western world with higher inflation and higher taxes.
Final comments wait for the pullback to load, As gold and silver is the true form of money not printed paper backed by nothing.Take a look at longer and shorter term gold/silver.
