I see what you mean...that shorting period did last about the time suggested. So lets ride with them on this one.
PoG has really shot up over the past week or so...a MT/LT play in goldies would be a good idea. My concern on PoG at the moment is what look likes an upside down H & S formation. Left shoulder and head complete...will it retrace to complete or just blow that pattern all to hell and move higher. Silver and gold tend to move in tandem, but silver tends to move slower, so perhaps there is more upwards advance to PoG and once silver catches up, the retrace will happen. But, once completed...wow!
And if you're not predisposed to gold, then ST it should provide great money opportunities. Sorry for the aside, away from LYC.
LYC does appear that a ST reversal is in play...it all depends on what the Big Boys intend to do with the SP moving forward.
re entry point?, page-12
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