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<p>[QUOTE=&quot;qsilver007, post: 1450149, member: 34667&quot;]actually what happens is all the algo funds get turned on when there is a scare story, they end up seeling the lows and buying the highs, over the past decade gold ahd been tied to low global rates/negative real interest rates.&nbsp; Those funds that are looking at a two week chart and saying gold and silver are down because the euro is down are very short sighter and have very small time frames.&nbsp; more and more of the quant/algo funds are going out of business each day.&nbsp; in my opinion if you look at a chart of gold vs the dollar vs a basket uf junk currencies ie puond, euro, yen, it has appreciated, while the other currencies run in circles.&nbsp; in the past few days gold has made a quintuple bottom going back to sept in the 1520-1535 are and silver in the 26.20-26.70 area.&nbsp; with europe about to unleash mutiple trillion euros people will have to get tused to the dollar goin up and gold and silver going up too.&nbsp; % years ago the dollar was in the same place approximately 81.&nbsp; silver was 11 and gold was 875.&nbsp; there is no real correlation beteen the dollar and metals.&nbsp; europe printing will drive metals much higher.&nbsp; also if you are to look at one currency which is important to gold aand silver check out the indian rupee. it has made historic lows for almost a month now. it is now bottoming so are the metals. thes prices last week will be the lows of the year.&nbsp; spec funds hold the least gold and silver they have since dec of 2008, you guys remember what a run we have had since then. sit tight buy the dip. sell at 37 and 1790 respectively..............fyi only..............qsilver007[/QUOTE]</p><p><br /></p>

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