Profunds index and sector trading

[was Steve]

would that be like a brother leg to the april to may 9th drop?

i have been posting my gold thoughts on SI. feel we are headed to 78-81 (essentialy there now). then a bounce. if that bounce fails to take out 87 xau, then it will see the high 60's/very low 70s in the coming month/s

i agree it does look bad, but teh bounces are profitable if you can time them right (short term trades)