Presumably selling for tax losses will soon be a factor in the price of the miners once again as it was last Autumn.
Could very well be the case.
I want to wait a couple of weeks until gold gets into the timing band for the next DCL before I start buying. If that DCL drops below 1183 then one will avoid some draw down and more often than not ICL bottoms are scary SOB’s….as we just saw with the stock market. Gold is much more volatile and thus way more scary as it puts in an ICL. I’m not sure the bottom on Oct. 6 generated the kind of extreme fear necessary for a final ICL.
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