A Gold Chart that tells an important story!

Found a very interesting article via one of our Partner websites;
www.kitco.com, that appeared over the weekend that I thought you might find
useful.

Of recent months we have seen considerable volatility around
the Gold & Silver prices but most of the talk has been about the
'Non-Physical' markets or Paper tradeable markets. But remember at the end of
the day the longer term perspective and prices will be all determined by
physical demand and supply........ an interesting read!

The Bears have gone quiet. Gold looking strong for the first time in 3 months.

Gold has remained strong now for 4 consecutive weeks. The break-through of US$1,300 is significant especially when we add to this 3 key indicators:

Gold & Silver not the only losers today!

From an all time high of US$1,925 in September 2011 to a low of US$1,325 in April 2013, Gold has since range traded and has tested US$1,400 3 times in the last week.

While in the short term we may see continued volatility between US$1,375 and US$1,415 the longer it stays in this range the more sure we can be that we have seen the bottom of a long term correction and that the price of physical Gold and Silver will rise.

The following details the closing prices in the last 5 weeks:

Gold's short term volatility and range trading may indicate the bottom of a long term correction.

From an all time high of US$1,925 in September 2011 to a low of US$1,325 in April 2013, Gold has since range traded and has tested US$1,400 3 times in the last week.

While in the short term we may see continued volatility between US$1,375 and US$1,415 the longer it stays in this range the more sure we can be that we have seen the bottom of a long term correction and that the price of physical Gold and Silver will rise.

The case for Silver => Gold-Silver ratio highest level since September 2010.

Has Gold bottomed? Physical demand continues to be strong.

Gold bounces on strong physical demand. Stock shortages reported.

Gold plummets to a two-year low. Will the sell-off continue?

Questioning WHY precious metals were hammered last week?

Time to look at the long term fundamentals. European investors wary of Banks!