I couldn't agree more with what you envision Senor, Stu and Dharma.couldnt agree more stubaby.senor ,
i bought yesterday as well today the gdx stopped @yesterdays gap down. i am looking for a small shot down creating hourly oscillator divergences from oversold. monday is expiration. we are splitting hairs here. all the while western cbs sell their gold. mines are finding lower grades and it becomes more expensive to mine. @these prices, mining is not a great biz. awaiting price discovery which should come soon. china had been buying gold to smuggle into india. june saw india import over 100tons. the july #s are not out yet. but in spite of norcini, who many times doesnt get his facts straight, demand in china remains robust.
dharma
my guess amigo is no "hourly shot down" as that would make it too easy for hombres not long to get long - my take is she keeps rising norte like a true tres wave that leaves many in the dust, we see
Senor
I do believe however that the rally will be stronger come early August.
-tria