The gold price is down at the bottom of the bull market downward sloping triangular flag as well as being at the support provided from the prices of the first quarter of this year, and only about 4 weeks to go to the US elections for congressman and senators.
Silver is down at its 1 year long uptrend line as well as being at the bottom of its triangular flag. It is also down at its Fib 23.6% level of retracement of its decent from its May high, and only about 4 weeks to go to the US elections for congressman and senators.
The US dollar **is up** to an important Fib 38.2% resistance level in its attempt to retrace the dive it took from the end of last year. The dollar got knocked back down from this same level back in July. Oil **is down** at major support that it bottomed at back in the beginning of 2005, a Fib 23.6% retracement level.
The whole picture is screamingly bullish for the gold price and silver price.
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