We’re still waiting for gold to form a swing. We’ve dodged this entire yearly cycle decline and even gained enough to push the SMT metal portfolio to new all time highs. We’re in a good position to profit once the bottom comes. Now 40 days into the daily cycle and nearing the 50% retracement from the 2015 bottom. Sentiment is excessively bearish in the entire commodity sector at this point, and the COT structure is becoming very bullish for metals in particular.