Originally Posted by
Dr. Dave
Yeah, the pullback was part of the cyclical prediction... with the wait for the middle of oct for the next upswing. You can see on that AUY stock that it should near a breakout point either up or down buy then. ie., the 2/3 of the way into the triangle time wise - which is usually the average for that pattern.
Dollar has a chance to break out also.
The other scenario is if stocks dump and money goes both into the dollar and gold. There has been some mixing of what used to be different market correlations recently.
We'll have to see, that's all you can do I guess - that's why I'm thinking a small part now, with an appropriate stop. Then more on a breakout if it occurs. If the gold stocks end up breaking south, with the price of AUY where it is, can always short it for a decent move.
Just some thoughts on it. Appreciate your input.