The first chart is Gold in terms of the Euro. The 2nd chart is a 30 year Spanish Government Bond.
The 39.25 year cycle (November 2010) mentioned 2 blogs ago is really kicking in. Irish, Italian and Spanish Bonds are collapsing and Gold is making new highs against the Euro. This is a debt crisis first and foremost. Restructuring will inevitably mean that many governments will not pay the full amount of their debt back.Protect yourself.