Peek At The Monthly Charts

First you want to take in Tom Essaye's comments after the close about bonds, gold and gold miners.

BNN.ca

Tom Essaye discusses markets.

"The last great buying opportunity for gold."

http://watch.bnn.ca/#clip638621

Gold Monthly Chart

It might be too soon to check up on the monthly chart, but it takes out the noise, and you can see we are presently conforming with the uptrend as depicted earlier in the year.

supersize: http://www.flickr.com/photos/11747277@N07/6985648197/sizes/l/in/photostream/

stockcharts.com

$USB Monthly vs. GBN.V

Contrary to popular opinion, the strongly inversely correlated long dated treasury bond price and the GBN.V stock price only just got MORE strongly inversely correlated.

We'll see what the monthly close in GBN.V vs. the USB price gives us.

supersize: http://www.flickr.com/photos/11747277@N07/6839526468/sizes/l/in/photostream/

stockcharts.com

-F6