$Gold:$CDW Monthly

The $CAD gold price topping $1500 in the morning comes as a relief after seeing lows in the $1400/oz. range.

A retest of the previous high @$1664/oz. CAD does not seem so far-fetched. The monthly chart did not back off from a positive relative strength all the while. The rise in gold prices globally during a commodities rout is an important facet of the value advance.

In terms of the monthly chart in $CAD, we've seen a three-wave extension, but that the bulk of the bull market in gold has already occurred. This opens up the question of where capital gains will be made in the gold sector.

The mining shares happen to be at a multigenerational low, so it's not difficult to forecast.

http://schrts.co/yUthvX

$TNX:!PRII Monthly

The ratio of ten-year treasury bill yields to Pring's index seems to be hanging in the balance and will have to move, as this would be the representation of how gold prices advance when interest rates are below inflation.

http://schrts.co/Keexry

$USD Monthly

Banks trading on the $US rise may have misjudged by shorting gold. But the Yuan fix adjustment may have bought a little time for the $U.S.

http://schrts.co/aEh57F

-F6