Well all the data that has come out in the past two days has been positive for gold. We were lucky that gold retraced after hours and bounced early. I hope that's all the consolidation we have for now.
Believe me I was not happy with how that trade totally fell apart and so quick. But we have a tonne of resistance at 34.00 on GDXJ. All the long term trend lines cut right threw that point.
I'm just betting on reality finally showing its head for once.