I'll probably have some written thoughts on the markets in general and then chart individual equities, first and foremost quality gold exploration companies.
A quick look today shows a few gems testing long term support. I think we have time to let the market grind and chop and potentially go lower over the next several weeks, but it is also time to begin illustrating would-be buy opp's that could come in conjunction with, or even before the ultimate anticipated HUI downside test.
There is a flock heading to US Treasuries, various Fed mouthpieces no longer have to be quite so publicly concerned about inflation expectations and there could be relief for the asset spectrum at any time.
Complicating matters is that I do believe broad markets were rolling over into a healthy correction at the least. The question is, will this event have cleaned out the pipes leading to fresh upside or will there be short term relief prior to renewed downside? I am going to ask go with B Alex, but be ready to adjust and align with reality. That's what makes the markets fun, getting in line with reality.
Good stuff.
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