Jim, 

 Why not stand back a bit further
> and look at ten years?
> 
>    http://www.kitco.com/charts/popup/au3650nyb.html

On the ten year chart, we have an extended uptrend.  The 1 year
cup with handle formation (although somewhat skewed) may well be
a positive continuation pattern in the afore-mentioned uptrend.

Last few days' action may well be a shake-out (and well within
the parameters of the handle), before gold resumes its ascent,
to fool the weak hands.

Of course, I could be wrong...  :)


=====
Regards,

Ragnar
Vice Pres. - GDCA - http://www.gdcaonline.org
Vice Pres. - Gold Age - http://www.goldage.net
editor - Liberty Impact - http://www.libertyimpact.com

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