This chart is enough to cause heart palpitations for every central banker in the world, particularly those of the G8. The chart shows the right side of a huge cup and handle pattern that goes back to 1980, with gold at $850, so this pattern has taken a generation to develop. The cup has two handles, one at about the $600 level, and the present one at $880. You can see the volatility in the present handle, with a $300 amplitude. This volatility reflects the effort the Western central banks have expended to suppress a break out. The present handle is characterized by a massive reverse head and shoulders pattern. Each shoulder in this pattern is itself a reverse head and shoulders. There is extraordinary symmetry here, demonstrating an extraordinary energy behind the eventual resolution. The pattern suggests that gold will return once more to the vicinity of 880 before vaulting to about $1500 starting this September. This implies a collapse of the U.S. dollar by November. You have until September to take a position in gold below $1000. Make no mistake, this chart is telling you that all paper will begin to burn this fall........ By paper, I mean all derivatives, including the currencies. Avoid all major debt exposures as interest rates, apart from short term rates will be rising. Hold tangibles, not paper positions. I think CAD will out-perform most world currencies, as will oil and gold, but all positions should be fully paid and debt free. CAD is indirectly backed by oil and gold and is perceived by world traders as a commodity currency, so our dollar should do relatively well, but it will still decline against gold. FWIW