$Gold Weekly

The technicals on the weekly $U.S. gold price are unequivocal, that the recent decline amounts to a hill of beans, and that the Yuan 'devaluation' did not necessarily lend to a changing picture. What the devaluation did achieve is to advise participants in the gold markets that currency devaluation is still on the table.

Canadian domiciled gold producers have been handed a lifeline with the $CAD devaluation, but in a global sense, a Yuan devaluation is the first real sign that it's not all over for the gold bull market. Additional rate cuts are not ruled out for the Bank Of Canada. But a Yuan de-peg will probably be the centre of a currency crisis.

I would add that negative nominal rates in the Eurozone on treasury bills are the strongest fundamental for gold prices going forward, and we'll probably see more of the same elsewhere. Getting from A to B on that score has been a long, convoluted trend.

http://schrts.co/R2nf1g

$TNX:!PRII Weekly

The indication we had from treasury yields vs. Pring's inflation index is a rise in the gold price due to commodities stabilizing against interest rates, which have continued to decline(rather than rising interest rates, as we have been told over and over again.)

http://schrts.co/2fwFwo

via Wall St. Journal -

The Wall St. Journal discusses gold mining valuations according to their Net Present Value.

via Google Search:

http://bit.ly/1KjbC5e

-F6