I’m no cycles expert, but Norvast and others are calling for the decline into a daily cycle low now. The first thing we need to do is close below the inclining support line, then a close below the 10 day moving average would fit the bill. After advancing $180 in 10 days, this would be very, very welcome. In fact, a rapid drop below $1923 (or was it $1917 for spot price ?) would give us a monthly close below the previous all-time high and help with the chartology, in terms of working out where we go next (more on that after tomorrows close). Remember, many miners recently broke out of long term downtrends and it would be great to see lots of back-tests. That would be a perfect, brilliant, amazing opportunity for anyone wanting to get in and just hold for a few years, with no thought of trading dips.