$TNX:!PRII Daily

How indelible is the mark left by the recent claims that interest rates are meant to rise? It has had no effect on the progress of fundamentals towards a higher gold price. What we're seeing in the daily example is a retreat to the 50-day MA, which is to be expected, given that the downtrend remains intact, therefore gold price advances are also to remain intact.

http://schrts.co/DUVwji

$USD Monthly

In the $US monthly chart an auspicious low was sought after in the silver/gold ratio, comparing with the $US. We've now had a very surprising move in the gold/silver ratio which might suggest that the time for gold mining companies is ripe, since rushes into mining shares occur on the advance of silver vs. gold prices.

But the matter of some concern is that with the decline of the $US, commodities aught to advance strongly. Should the stock market collapse, then interest rates and the dollar decline, this will replace the strong commodities rally, which has so far carried the fundamentals for gold prices.

The auspicious low in the silver/gold ratio appears similar to the low in 2003.

http://schrts.co/aEh57F