not exactly the temporary bottom I expected, it made an extra drop. a tricky drop down along with spot gold to 1320. maybe the bounce begins now? back to 6.80 area
its all a guessing game. tricky for this to stop at 6.18 looking almost like a good bottom, but I don't trust it. when 6 dollars is so close by. I think its a trick. Its really moving along side spot gold now. and that downwave from 7.49 is about as straight a line as you can get, just like the spot gold has done.
spot gold went from 1392 to 1320. next move? 1355 to 1285 ? its easy math.
I wonder if we might see targets at 6 and even 5.75 for PVG ...IF spot gold falls to 1300-12.80 area
If not now, maybe in a week and a half. just before the end of march.
do you think bottoms in miners and metals will be made in early spring...as if there will be a spring/summer rally ?? really? a summer rally in metals and miners? not sure about that . In 2012, the collapse started on February 29.still ongoing. In 2013 it was early April.and still ongoing. June time seems like a bottom zone. as does November/December
But I also wouldn't want to think that 7.49 was the high of the year for PVG either.
but I don't trust 6.18 as a final bottom here.