Head shoulders pattern indicating downside potential, but furthermore it would also break a long term resistance level. This would confirm a bear market in the dollar and give a strong rally to gold and silver prices.
Image left with no comment. No predictions made here. Simply a statement that the long term bull market pattern is still in tact and seems to be setting up in a very similiar way to the 1980's bull market.
Gold mining shares have not been this undervalued relative to the price of gold in 9 years! The price of gold has just recently broken out of a 6 year downtrend. Buying gold miners at this low point in their valuation might be a good way to leverage the price of gold higher and maximise returns!
The Dow / Gold Ratio is setting up in a very similar way to its previous drop. Meaning either Gold will rally with the Dow entering a bear market or that Gold will rise or fall with the dow at a greater or lesser rate respectively. 9 times out of 10 its the first scenario that is true.
Might be a very good time to sell the Dow / Stocks and buy gold and gold miners.