With the authoritative price move up off of 15, the trend is definitely back up. Under that thesis, we should next see a powerful, authoritative wave upwards to challenge the a-wave top from over a year ago.
The precious metals are not displaying strength here. It would be fair to say that they are still being properly manipulated by the Bullion Banks, so don’t expect prices to go to the Moon… In fact, if we don’t get that authoritative move upwards, expect the look out below scenario.
Should catch up to Gold longer term, if Gold does make a run to new highs. This is a hated asset with incredible fundamentals that will do well eventually. So I park money in this asset and don't worry about it. Good Buy and Hold candidate.