.........................The Slaughter Of The Lambs

The dumb money rushed in and had their heads handed to them on gold and silver platters. Wild volatility in recent weeks. The XAU Put/Call Ratio and XAU Implied Volatility both correctly pointed to some weakness today. In the Yahoo 5 day chart (a tool you should be using to gauge cycles, it's real time, but, you have to refresh manually of course), http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=b&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= , notice the peaks rolling over/flattening out. Gap filling action is going on today also. The XAU filled it's downside gap at 122.94 created at today's open and HUI filled it's downside gap at 261.33. Ciao.