I was poking around and came across this news writer and have to take into consideration his opinion..It seems very likely that he is right and this summer would be a good time to have a little dry powder..I will be taking advantage of any dry powder I can accumulate for the next while..

Here is a little bit that caught my attention and will post the link for the article..

http://www.marketoracle.co.uk/Article18062.html

If we compare the charts for gold and the dollar we readily see that the last 2 dollar up legs in December and January into February hit gold quite hard, and if we now see a third dollar up leg it should be obvious that it will get hit again.

There are other circumstantial factors across the markets that do not bode well for gold at this time. One is the blatant non-confirmation of gold’s breakout to new highs both by silver and the main gold stock indices. Another is the heavy Commercial short position in oil suggesting a big drop looming. Still another is the Double Top that appears to be forming in copper and finally the broad stock market is now critically overbought.

Would a severe decline by the Precious Metals at this point mean that the bull market in gold and silver is over? - probably not - because those in power can be expected to respond to the resurgence of deflation the same way they did last time - with bailouts, money printing and the suppression of interest rates - but this time they will have to do these things on an even grander scale that will pave the way for hyperinflation - so we are likely to see another roller coaster ride with an “icicle” bottom, and we will be ready and waiting to pounce if prices plunge again as they did in 2008.

By Clive Maund