As we approach the short term target zone, please keep in mind your goals. Keep in mind your orientation, whether investor or trader. Keep in mind the upside and downside potentials and targets and the probabilities therein.
What appears to be happening is that the gold miners are leading a market dependent on what would ultimately be inflationary policy. The market is thrusting this special sector up upon its shoulders [head & shoulders :-)] and as I called them in an article about half a decade ago, the "inflation hounds" are sniffing.
There is a scenario in play where the misery of the majority can manifest in the pleasure of the few (gold stock holders) who have gotten contrary the deflation scare. But please expect there to be chop and grind (at a minimum) or serious volatility at the target zone. This is a big battle in the war.
Signed, Jim Sin... I mean, Gary
