Earlier this year we said that 2014 could well be a repeat of 2013 in terms of unrealized expectations for much higher gold & silver price levels and over the ensuing months have continued to advise everyone to stay out of the long side of the paper futures market for as long as the trend continued down. That came from an obvious read of the charts. This article looks at what the gold and silver charts are saying today.

What has been missing during this 3+ year decline in PMs has been what we have pointed to on several occasions, a form of ending action that sends a message that a change in trend is in progress. Last Thursday and Friday’s sharply higher volume and wide ranges lower is the kind of activity that leads to the end of a trend. There is not enough to say it has happened, to be sure, but the end game is starting to step up and be closer to a resolve of ending of the down trend. [Let me explain further.]

…Have gold and silver seen a bottom yet, and is there a turnaround soon in the cards? No, and no…It is still business as usual as gold and silver languish around recent lows.  There is no date one can mark on the calendar that points to an end of the Rothschild dominance over Western fiat currencies and their suppression of …

Things just took a turn for the worst, and there is no turnaround in sight. Unless and until demand enters the picture, price will continue lower until it finds demand sufficient to effect a change. For right now, there is no demand apparent. What else can be said. This is like watching a car teetering on the edge of the cliff, waiting to see if/when it falls. The trend is down, and that is all you need to know!

I see various signs that indicate that gold bulls may have to endure one more capitulation to the downside before the next leg of the bull market begins. In what follows I identify what could send the gold price lower and suggest some investment strategies to consider.

Time is running out for all the 2014 enthusiasts that are calling for higher prices in gold and silver by year-end. The lessons learned from 2013 have been forgotten as not only are prices not beginning to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future. Stop listening to what others are saying, and pay attention to what the charts are saying - and below is a summary of just that.

This is one of those times where it is best to focus on pictures of the market, over various time frames, to get a better handle on what to expect moving forward, and a look at the charts tells us in no uncertain terms that the end is not yet in sight. Here is our read of what the market is saying, and has been saying for some time.

For those who can exercise even a minimal amount of foresight, taking self- direction has never been more important. That means buying physical gold and silver at any price.

Once the grip of the fiat “dollar” gives way, and it is slowly losing ground, then the price for gold and silver will find their more natural value - and not until then. When might that happen? It could be weeks, it could be months, maybe even another year or two, but whenever it happens, it is more likely to be an overnight “adjustment.” Plan accordingly.

Buckle up! Gold is coming out of hibernation within the next 6 to 12 months and will then begin a major breakout to the upside to at least $3,600 over the next 2 to 4 years.