Pic, love your posts, intellect and optimism. We are into the deep days of chart painting now... scenic panoramas. I think the desperados are nearly there though and have their palettes ready for new color schemes. Looks like a double bottom in gold here. Today BNN has quoted GS, Credit Suisse et all on their 'prognosis' for gold and it seems the party is over, the gold run has had its day. In other words, 'rabble', you're done. The biggest mining show on earth opens in Toronto this week end (PDAC). Gold usually gets hit duriing this week. But wait a minute what about that demand 'picture'? Everybody and their uncle is buying 'your unused gold' . Eric Sprott reminds us all that scrap supply is falling off rapidly now. Hmmm. They must be stupid eh?

Whoops!!! The President is on the propaganda screen as gold goes down. Bad news.... loomiing cuts...bad for the economy and jobs ... bad Congress choices, allowing cuts. All rubbish... all distraction as the coffers and leverage of the TBTF banks swell.

I'm looking for a catalyst for the PM sector to signal the bottom. It will be the signal hedge funds etc. are waiting for. It will make us all stop and think about the orchestrated opportunism that will open the window for the 'turnaround'. It will benefit the cartel. Until then, we wait and watch. It will be sudden and out of the blue. I suspect it will be in the next week, weeks, or month. Are you on watch?