Not surprised to see a dollar reflex rally and the Dow up after 8 straight down days. I will still accumulate slowly. I think the dollar index goes back to maybe 102 meaning some downside for gold stocks.
My worst case scenario is that the dollar index bottomed a day ago at the 98.8 level and we are now entering a 5th Elliot wave. In this scenario gold stocks get belted revisiting the December lows. I will be prepared for this scenario but I view it as unlikely. Just letting everyone know what my cracked crystal ball thoughts are GLTAH
BDR Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
GLTAH
