On the assumption the gold will continue to run counter to the Nikkei since it has from roughly 2007, I took a small long position yesterday in gold stocks. I have the EW count on the Nikkei as w3 of 5 of 5 with w3 possibly complete at just under 2200. If correct gold should bounce now to the 1300-1320 range and then make a final low as the Nikkei completes its wave 5 cycle. At 22750 the Nikkei approaches a 25 year high and at 22950 a 50% retracement of the move from the 1989 high. The Nikkei is clearly wedging now and chart indicators are showing negative divergence on the monthly chart. A blowoff to 23000 on the Nikkei and 121 USD/JPY could still happen and result in a spike reversal low in gold.