Over the last three weeks gold and silver have had a number of apparent breakouts, only to correct back after each. Frustrating, but not surprising, as the gold chart had the clear resistance points at both the 50 and 200 day mvg. averages, as I have pointed out in my posts, regarding targets and gold’s expected muted action vs that of silver. I did say last week that it would be two steps up and one step back and that is how it has played out, up to now. Traders and investors have gotten tired of being hit upside the head each time gold appears to break out, so the hook has been set. I am looking for a quick, sharp drop, today. I don’t expect much in the way of downside magnitude and I believe the rebound and real breakout, follows in short order, so you don’t want to be caught napping. BUY THIS DIP!