via Kitco - 1-year Gold Price Chart

Gold prices are up yoy, in $CAD terms. That means Canadian domiciled gold mines are a currency hedge against a $U.S. decline and U.S. Treasury Bill interest rate risk:

http://www.kitco.com/gold_currency/index.html?currency=cad&timePeriod=1y&flag=gold&otherChart=no

$TNX:!PRII Monthly

The ten-year interest rate vs. the Pring index ratio has spiked during the steepening of the yield curve. You can see where spikes happened previously, and is perhaps a requirement before a rally in gold prices, though we've had no concommittant decline. A reversal of interest rates vs. inflation would probably mean the onset of decline in major Indeces.

http://schrts.co/AAW6Ww

-F6