"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless."
Francis I, 16 May 2013
07 August 2012
Gold Daily and Silver Weekly Charts - Capping and Coiling
The metals are capping are coiling under some fairly stubborn price resistance.
Let's see how they do if stocks take a short term drop.
Otherwise this looks like a delaying action, a cosmetic appliqué.