Who's to say I'm going to cash out in Canada? Why not the Caymans?
Been doing a lot of technical charting tonight. I use the GLD etf instead of gold as it is so close in every technical.
The indicators I use most, MACD, Stochastic, RSI and Money Flow are all at or close to the same extreme levels they were after the 2006 sell off. There is some potential for a little more selling but not much now.
In fact the MACD has not be this low since that selloff although it dipped slightly below the currently level just before the rebound.
As silver has generally followed Gold but has greater upside potential at this time and potential to catch up to it's traditional ratio's, I like Silvers chances from this point forward.
I wish I could upload a picture, I'd put up the chart as it is worth a thousand words :)