Official "Watch" is in effect for the Long bond. A failure of this multi-decade trading channel signals caution ahead and constitutes the final pillar in Sinclair's foundation for the current Precious Metals bull market. Gold and Silver is poised to enter an entirely new markup phase accompanied by persistent extreme tightness of physical supplies. As the propreter of CMI Gold & Silver has often stated, this market cannot possibly accommodate physical demand once it hits the mainstream.