this is just a theory of mine something i think is a possibility
i am saying there is a nine month cycle that runs thru the whole gold complex
the metals and the stocks
the gdx topped aug 12 and now seems to have bottomed may 4 possibly remains to be seen
gld bottomed around dec 17 9 months from that is sep 17 and then nine months from that is june 17
notice how gld is sensitive to the solstices and the equinoxes interesting
if i am right after the fed meeting and the equinox i believe gld will take off very strongly
and be in an up cycle for 9 months into march of 2018 after which we can expect a stronger pullback
it is just a theory but over the years i have noticed the number 9 has a strong effect of the complex
take it with a grain of salt this is def not etched in stone