Hi FA, the rally I had been looking for in May does appear to have materialized when looking at this chart of the HUI, but it is not evident in the price of Gold and is just beginning to translate into higher gold share prices over the last couple of weeks. With that said, even U$D 88 was minor in damage to the price of Gold (down to $415 from $420). I have seen gold pull back further on a lessor rise than this (as I am sure you have too). The $5 an oz. boost yesterday was very impressive.
While I can appreciate the gravestone doji, it seems as though a lot of these candlestick patterns (and chart patterns as well) have been failing as of late. The more people expect relied upon patterns to work, the less effective they have become. We'll just have to wait and see, but I think there may be more left to this move....
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