Sirens in my head
Wrapped up in silence
All circuits are dead
--Golden Earring
Gold appears to be tracing a reverse head and shoulders pattern. Can be seen as bullish multi-month basing.
It's date with destiny looks to be the gap from the April breakdown.
position in gold
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
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Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them.
~David Ricardo
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