Well I am a meteorologist, and I’m quite sure hurricanes and PM’s have very little correlation (largely because hurricanes are absent 99% of the time). I suspect that is his point though. Can’t argue with ‘sit tight and be right. $1260-$1280 is my downside target.
Just for fun-maybe today is Norvast’s low and we move higher from here (since the vast majority look to believe the correction is upon us) and THEN your 1280 area NS? Just seems to easy and obvious we start the correction now. Maybe we push into the 26 area on GDX first before the correction commences in earnest. Just having fun with this short term stuff.
GLD 126 may be hit today….not enough leeway
124 looks like Chartology support though
https://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=6&dy=0&id=p12410990833&a=543860269
Well I am a meteorologist, and I’m quite sure hurricanes and PM’s have very little correlation (largely because hurricanes are absent 99% of the time). I suspect that is his point though. Can’t argue with ‘sit tight and be right. $1260-$1280 is my downside target.
Just for fun-maybe today is Norvast’s low and we move higher from here (since the vast majority look to believe the correction is upon us) and THEN your 1280 area NS? Just seems to easy and obvious we start the correction now. Maybe we push into the 26 area on GDX first before the correction commences in earnest. Just having fun with this short term stuff.
Its all fun and games until someone loses a mortgage payment
🙂