Speaking of the XAU, check out the terrific little chart by Peter Zihimann at the 321gold link below. If past is prologue, he's got it nailed for the XAU to go north from about here, not south. The bottom of the chart shows the previous 5 bottoms going back to 2001. He's Swiss, so maybe he's using a different set of blinders.

Just something to watch. I don't know of too many guys who've gotten much of anything right calling these markets, and he's probably no different.

http://www.321gold.com/editorials/zi...