22 April 2013
Bullish arguments in favour of a continuation of the secular bull market in gold were laid out in this post.
This post will lay out the bear case. But first, some charts to consider and form the backdrop of our discussion. The first set of charts are 3-year weekly charts of gold, silver, and the ETFs GDX (gold miners) and SIL (silver miners).
3 year chart of gold (weekly)