"The one light is that the HUI is a full 20 above its low last week, so even if we get new lows in gold or silver or both, there should be a POSITIVE DIVERGENCE with the gold and silver stocks. This is a must to indicate the next upleg is coming."

Excellent point! I see some of the old signs of stocks preceeding a move in the metals as well.

In addition I see the new trend of metals going down just after OE. I have posted in the past that this looks for all the world as if the cabal needs the metal price lower (after OE) in order to buy metal to deliver metal to those smart enough to demand delivery. They now have to expend resources and push paper both before and after OE.

They place themselves in a very precarious osition. Their game will end when they can no longer deliver metal at the margin. This is what the silver market is starting to hint at, with all of the problems making delivery of silver out of comex.

Tic tic tic.