...from Market Anthropology. A great site I have been following all of 2014. They also favor Precious Metals for 2014 and come from Macro perspective. Amazing ability to show history repeating itself in all posts. Highlly reccomended. Good comparison of current $USD move to Silver in 2011 and second post has two great charts that Show Gold/Silver sitting on long term support trend from 2001 circa 1976 in gold when it retraced from $200 to $100.
Hopefully history repeats but who nows. PM fundamentals much stronger now in 2014 than 1976 IMO with 44 years of the $USD fiat experiment backing current secular PM bull (hopefully a cyclical bear from 2011-2014).
Suffice to say $1180 is extremely important right now. I don't know the exact figure but a break would also likely violate the long-term uptrend in place since 2001. I don't think that will happen but what the heck do I know compared to market?
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