|Rate of change negative again...despite QE2. Can't force a horse to drink or force people to borrow.|
|Real Interest Rates still heading towards zero. Bearish for gold/silver, but it is still negative, which overall is positive for the metals.|
|GDX struggling to make new highs while gold/silver both do. Still about 10% within high from 2008. That SHOULD serve as support.|
|FCX, one of the leaders, doesn't look great. If it breaks the 09 - Present trendline, this could be merely a massive dead-cat bounce infused by unprecedented liquidity.|
|Dollar at a critical juncture. At two supports and barely has to move upwards to beat overhead resistance line (yellow).|
|Ford (F) broke long-term support line today. However, knowing bull markets, there is no reason this won't make another thrust at the high. Trends die slowly - not just with one try the other direction.|
|Weekly advance-decline at support line and very near upper Bollinger Band.|
|Hold Long Short-term at 45%|
|Hold Long Medium-term at 57%|
|Copper at support trendline. Note the bearish Moneystream in the middle.|
"An imbalance between rich and poor is the oldest and most fatal ailment of all republics."
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works".
-- John Stuart Mill