$TNX//!PRII Weekly

For the moment, the monthly chart will not discern for us exactly what us developing in the weekly chart. I had to wait until 7pm until the chart was updated to see the effect of the EU referendum. I was surprised that the third moving average crossover had not yet occurred, though by now it appears a layup. The trend will be confirmed by accomplishing this development.

That means higher $US gold prices, but also for $CAD gold prices, you might anticipate a retest of the historic high in $CAD.

The result of the EU referendum was an obvious currency devaluation of both the Euro and Pound against the dollar. The PBOC also jumped in with their own.

http://schrts.co/J5vEAo

$SPTGD Weekly

The inverse correlation of $SPTGD vs. the gold/silver ratio is almost in the zone where you can call a top. Treasury bonds aught to trade sideways in the US once historic low interest rates are achieved. But that means that opens the door to yet higher gold mining stock prices. So you might say that a top will follow after the 'technical' top, which appears imminent.

http://schrts.co/zwmFYa

-F6