
I thought I was going to have my head handed to me this morning as my account went down -4% from over trading and indecision in the gold market to clawing my way back to positive territory at the high today in gold. I was long the miners, then short, stopped out, then short again, stopped, then said, heck with it go long.
I am still long. I did not take profits today at the top today. I might regret it, as we still might get that wave 2/c I was looking for earlier today before Prez Trump gave his speech. The wave b just went up a little higher. But if the indices top out as QQQ looks like it might be about to top out soon, then the money is going to go rushing back into gold.
In the meantime, GDX looks as though it still needs to retrace back to about 21.60-22 by Monday/Tuesday.