After the May 1st crash when silver and gold were respectively $16.11 and $848.90 a share, they’re slowly climbing back. Although gold closed at over $900 last friday, it was $870 before the previous weekend.

Gold Price Close Today : 884.80
Gold Price Close Last Friday: 900.40
Change: -16.50 or -1.8%

Silver Price Close Today : 16.780
Silver Price Close Last Friday: 17.387
Change: 60 cents or -3.5%

US Dollar Index Today: 73.46
US Dollar Index Last Friday: 73.053
Change: 0.41 or 0.6%

The UK Telegraph reported:

“The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

“A very nasty period is soon to be upon us - be prepared,” said Bob Janjuah, the bank’s credit strategist.

A report by the bank’s research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as “all the chickens come home to roost” from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

Such a slide on world bourses would amount to one of the worst bear markets over the last century.”

So yeah. Bad sign. I haven’t heard any fat lady sing though.