"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11
09 August 2012
Gold Daily and Silver Weekly Charts - Coil and Cap
Until Europe resolves and QE asserts itself again I don't see any of the markets doing anything significant.
Keep in mind that if there is a liquidity driven selloff in markets that gold and silver are likely to decline as well.