The Condition of Gold

With the recent popularity of the precious metals and gold especially I thought it deserved its own post and not just with the other commodities.

Take a look at the chart below and you will see some pretty interesting stuff. While I certainly am not an eternal bear on Gold, I do think it needs one more leg down in order to stay a healthy viable market for years to come.

Of course I realize that my opinion is in the vast minority, but I always feel more comfortable in that position!