Ladies & Gentlemen... Presenting our old favorite

The Yield curve! Complete with marked up mess attempting to put a whole macroeconomic thesis in one busy little picture. Regarding the precious metals stocks, I feel like I have been corrected but good which I suppose is the whole idea of a correction. In the midst of these boring, dull and often painful periods I often go back to a variety of macro oriented indicators just to be sure the backdrop looks good. Oil is/was a biggie as had been the yield curve and oncoming damage in the credit markets. But bearing in mind the 'potential' H&S in the HUI (shown down the list a ways), tax loss selling season (this is relevant for junior gold holders such as yours truly) and bipolar nature of this sectors' investor base and finally an over sold Dollar, we cannot rule out some additional nastiness on the downside. But I am big picture bullish, bottom fisher that I am. Especially on the lil' fellers that are just being given away out there for ridiculous gold in the ground prices.