4:52 am PST. After yesterday’s significant rally, /GC futures are down this morning about 4.80 while the dollar is recouping some of yesterday’s loses. It would be natural to see some consolidation as traders take profits. If /gc is still in a bear market, it would be natural to see a reversal to the downside. I will watch to see if I must exit all my mining stocks and options today.

5:01 am.

I also want to watch for signs of a bottom in UNG.