As per my remarks embedded in some recent forum exchanges, and so as expected, I now have a confirmed IT sell for GDX, and buys for DUST and JDST. DUST completed five waves up (GDX down) at the open. I have this as the first of three impulsive moves we’ll see into October (waves 1, 3, 5), when the PM complex could/should make a tradable low. I do not see that coming low as anything more than an intermediate low. I see negligible prospects for a VLT low on the horizon.
Short term, I expect a reaction bounce that should be sold if you are a trader. My take is that investors should have been out (from a year ago, when I first began to post warnings on my signals) and should stay out. (Jack Chan sort of trading rules). Capital preservation is rule #1. Theology and faith play no role in how I manage my funds.