In 2011, I was pretty frank when I shared the following
The Swiss franc is suggesting gold will be flat to down for years to come!
Since then, gold has lost a third of its value and silver has pared about two-thirds.
“Francly Speaking”, the message for gold -- coming from the franc -- is lower prices are still to come. The chart below shows how the franc and gold both peaked at the same time back in 2011 and illustrates just what the franc is saying today.
The chart reflects that the franc and gold both broke below 10-year support lines and both kissed the underside of resistance at the same time at (1). As you can see, this dual resistance stopped both of them on a dime and now both are breaking below prior monthly closing lows.
Metals members sold (ARCA:GDX) as this resistance was being hit in late January.
Power of the Pattern research reflects that a key low could take place in the very near future.