It should come as no surprise that gold and silver acted similarly, rising sharply during the early hours of the crisis and retreating as tensions abated.

While gold’s chart has recently confirmed its short-term negative trend, the intermediate trend remains neutral while gold’s long-term chart is beginning to show some positive indications.

Geology is a science of general tendencies with frequent exceptions, not one of hard and fast rules that are always true and never vary. For almost every well-accepted rule of gold deposits, I can point you to a number of important exceptions.

It is not necessary to have a PhD in geology, but you need to know the basics, so that’s what I am going to try to dig into here—the understandable basics of these gigantic gold deposits.