Clarius... 
... sehe ich auch so.
Ira Epstein & Company Weekly Metal Report
..The Impact of a Strong Dollar
The impact of a bottom in the Dollar is moving markets. The move comes in the form of waves. The initial wave is clearly one of bearishness in metals. You might ask “why”? The reason has to do with fear. Fear of “something” is often the driving force, driving both to higher prices. A collapsing Dollar, war, inflation and so on motivate investors to abandon things they think will lose value and covet things they believe will gain in value. That time has temporarily come and gone for Gold.
Gold has temporarily lost its “coveted” position. The key word here is “temporarily” as I believe that once the US economy rebound sets in, even with a stronger Dollar, metal prices will rebound due to increased inflation along with increased real physical demand for Gold and Silver. However, the market is not yet near that point. Rather, I see the metal markets as being in a liquidation mode.
As such, my expectation is that rallies will not hold and that price breaks will come easier and at times be larger than most expect.
Not all is lost for the longer term Bulls. This phase in my opinion is but a correction in a market that will once again turn bullish from lower but not dramatically lower price levels. The key for now is to play both sides of the market, looking for profit opportunities, while keeping tight control of Dollar risk....more
http://news.goldseek.com/GoldSeek/1210799606.php
June Gold
Let’s look at a Daily Chart of June Gold.
old is in a Downtrend. The “yellow” lines I have placed over the daily bars have a pattern of lower-lows and lower-highs. That is what technicians like me use to define a Downtrend.
Gold is not oversold as the graph at the bottom of the chart, the Stochastic Study, is going sideways with readings of both the “K” and “D” lines staying in the 30s. That means that downside momentum has locked in.
The “white” lines are Bollinger Bands. Bollinger Bands are an algorithm in which I use 2-standard deviations from a mathematical mean to derive a 95% probability. In plain English, this means that 95% of the time market prices will stay within these “white” bands. When prices hit them, the hitting of them to me becomes a profit objective given that there is only a 5% chance prices will stay above or below them.
Therefore, my initial downside target is $844.3, the current value of the Bollinger Band Bottom. That number will change daily as prices change, but the $840 level seems a reasonable downside target. 
You can easily plot this value out in our OST-IraChart Software.
Conclusion and Recommendation
I see no reason in the short-term to become bullish on gold prices. As a market technician, I am temporarily in the Bear Camp and will most likely stay there until prices close back up and over the 18-Day Moving Average of Closes, the “red” line on the above chart.
Unless the market gets itself oversold, rallies are short sales opportunities. At this time, I prefer being short with a stop on that short position at 890.9 looking for the 845 price level as my downside profit objective.
Silver is locked into a broad trading range, with a current range top of 17.37 and a trading range bottom of 16.05. That represents a lot of ground, meaning there is no ‘breakout” point that makes a lot of sense.
Rather, what I see is a market that has downside bias. I say this since the 100, 45 and 18-Day Moving Average of Closes are all above current price levels. When this occurs, downside bias takes over and rallies often falter as price action will need some event to get prices back over these three key moving averages.
Stochastics are neutral, with a reading in the mid forties. With prices under the key moving average, I take this to mean that the price break down to the last low of 16.05 has not left the market in an oversold condition. This leaves this market ripe for further downside testing.
The downside target if prices break through 16.51 is 16.155. 
..bei den PM's hats schon ziemlich gekkkkkrashed.
