![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
Monetary Mayhem
...as support gives way
The 'Dull Summer' may be Coming to an End.
...time to cut some length.
...pullbacks are likely to be short-lived
"...thou shall not chase strength in Gold"
...on this momentous day.
...even on the day of a fool - a bull remains a bull.
couldn't be clearer
... as the month draws to close.
...as the Dollar strength continues.
...as we pull back.
...as weekly and daily charts confirm.
...the power uptrend has gone. $2800 seems a long way away.
...is the top in?
... as Silver prepares to take on $32.20 - again.
markets unwind...as Q3 comes to an end
war and politics combine for a perfect storm.
momentum is fading.
...which is why we hug the sidelines
...Silver refuses to confirm.
...as the global markets reel.
...our first target
...decisive point approaches.
...the market takes out insurance for the long weekend.
...that didn't take long.
...mapping out the channel.
....bouncing off the first retracement.
...power down trend has fallen.
...starting with Crude Oil - and impacting everything.
...and why we have further to run.
...there are no free rides, even on the bull.
...or at least to the Stars
...finally. on the back of Silver
...finally, the pullback.
...the big picture; and our place in it.
...and its not Gold
....finally, we are backing and filling
...trying to break the ever-narrowing gap.
...the channel top approaches
...as the US Dollar surges.
...we are settling into a totally new environment.
"... Yep - They did it again."
...slowly, we retrace.
...that is the question.
...as the horizontal resistance falls.
as Bitcoin steals the limelight
...now for the real challenge
...and starts to fail.
...war escalates in the mid-east
both Silver and Gold are barely holding on.
US Dollar roars back to life.
...as we head towards the end of the year.
...as we head to the holidays.
... as the market turns back up.
...and does the dead cat bounce
...as our trend line gives up the game.
...as the retracement takes hold
...as the market powers higher.
...our trend line continues to set the tempo
...music to the ears of Bulls.
....now for the important part
...as we head to the weekend
...on the launch pad.
...more confirmation.
...slingshot confirmed.
... will the rally resume?
The contrarian purchase has worked out well.
...but the US Dollar continues to charge
...as we break out the contrarian life-raft.
... apparently the US Dollar is not "finished"
...doesn't look good for the EU flagship.
we've rallied back...but the down channel holds
.... separating the wheat from the chaff.
...foreshadowing a US Dollar rally?
...the target we need to clear.
...getting ready to run?
... target range.
...calm before the storm?
...the weekly chart sounds a note of concern.
...worries are mounting for the rally.
The April close wasn't very "Euro-Friendly"
... a modest pullback - or the end of the recent rally?
...sure looks like it.
...as the traders look for direction.
....to the new surroundings
...can't break out, won't sell off.
...as we lay out the charts.
...almost to the the Dollar.
...as the perma bulls scream "This is it!"... the short continues to work.
....but needs to hold the recent move.
...pending equity rout spurs liquidation across all sectors.
...for now at least.
Gold fails Friday's Challenge
...after a decent run.
....why solid info counts.
...Gold is in a "do or die" position.
...the Euro rout has knocked Gold
...Gold is under pressure.
... a store of value, indeed.