Loading ...Gold and GDX Cycle
Based on my weekend post, I was expecting a move into a short term Trading Cycle low this week but I was not expecting it to be this nasty.
I have stopped trying to trade around the short term TC Lows as, up until now, they have been quite mild. I have been focusing on the longer 5-6 Month Intermediate Cycle (next IC Low should be in the Oct/Nov timeframe so we will see a bounce soon).
Markets are tricky and now I will pay more attention to the shorter term TC Lows as well. Hang on and don’t sell is my advice as a TC Low or DCL should be close.