| Probably, but at least the low is a ways below. Gives room for a retest. The HUI did not look good into the close, and unforturnately I don't see a lot of support anywhere nearby....there's a stick low level at 363, but I think the bigger more durable level is 335 or so, around the 62% fibo retrace number. Hard to see how NGD can buck that. I'll probably be shedding hedges at that level and maybe adding some NGDAF. Meanwhile, I think the broad markets are just getting started. They've followed gold for the last 3 years, it's gonna be the same this time. Gold is the liquidity canary...... |
