$Gold/$Silver Weekly

Gold prices moved strongly against Silver this week. We are at levels seen in severe recessions. Fully expecting the unusual to happen, where gold prices advance during market declines. But this also means market declines. The gold/silver ratio aught to advance, where silver eventually gets dragged along with gold prices.

This is a breakout:

http://schrts.co/rvlgan

!PRII:!PRDI Monthly

Pring's Inflation/Deflation Index is at new lows this week, owing to declines in oil prices. Very likely oil prices will be carried along with the markets. Still looking for these commodities markets to stabilize, since their declines have been very protracted.

Mostly bearish commodities bets are based on an outlook of higher interest rates.

http://schrts.co/6NpRNF

$Gold:$CDW Weekly

The $CAD gold price gives you a bit of relief, since $CAD have dropped so far along with oil. This is a bullish chart, and I expect the loonie to rally along with gold prices. What is ironic in all this is that gold is presented as having a safe haven bid this week. The mainstream has merely adopted the term without prompting.

If oil prices decline, the loonie drops drastically, even though oil makes up only 7% of GDP.

http://schrts.co/SjVmr7

http://www.kitco.com/gold_currency/index.html?currency=CAD

TLT Weekly

One important factor in gold price advances is the decline of interest rates below inflation. TLT has clearly broken out:

http://schrts.co/ilm1CC

-F6