GOLD PRICE

IF THE GOLD PRICE CAN BEAT +-$1700

GOLD/USDX RATIO OVERBOUGHT

The GOLD/US Dollar index ratio has risen sharply off its lows as you can see in the above daily chart...this accelerated rise is likely to slow down as it approaches resistance from the previous top at 22.82.

CAN GOLD STOCKS GET CHEAPER?

GOLD PRICE TO FOLLOW SILVER DOWN

Yesterday I showed you why it looked as if the silver price is going down into early November. Today all I'm doing is showing a daily chart of the gold price which highlights the trend violation of what could be a flag or pennant pattern. In theory, this is the start of a drop which should, however, be eclipsed by the silver decline.