Whadya know?

Just as I was writing my last blog entry, I saw a response to Adam's Gold bullishness (from Steve of www.recordpricebreakout.com):

"I wouldn’t get so high on gold yet. We’ve been here twice before (since March 2008), and there’s a HUGE divergence on the MACD on the weekly chart."

So I decided to take a look...and by George...he's right! (Clicking on the chart gives you a clearer view):