it looks like the dollar is due for a bounce in a counter trend wave 2 which could cause the drop in gld that trade surfer is talking about
after wave 2 is over then we should start a pretty serious decline in the dollar which i would think would be the advent of a wave 3 up in gld
just speculation fwiw one of many possibilities and i am thinking maybe another 2 or 3 weeks before the sector is ready to really advance
not this corrective b.s. we have been doing for almost a year the top in gdx last year was i think aug 11 or 12 so maybe even until then
before we are ready to advance
Edited by gannman, 05 July 2017 - 02:02 AM.