The long term trend I was referring to is shown below. Also of...

The long term trend I was referring to is shown below.

Also of note is that I thought we'd hold the 61.8% fib retrace of this recent rally but when it falls through 307 today, it'll no longer be significant. It was also likely fall through the weekly 200EMA and weekly 200SMA which is rather significant so who knows where it will land.

If gold continues to lose its luster and put up a few more -1% sessions, it'll be interesting to see if the CR price of 289 provides some support, or if we really do just get belted down to 260 to test support. At that price, SBM is unbelievably attractive so I'd expect the test to be short lived. The shorts will make a killing and it's certainly within their playbook to push for the full fall back to LT support.

Now would be a good time for Vassie to open the Atlantic books and provide some details on permitting and financials. It would also be the worst possible time for him to raise cash but after his awful decision last round, nothing would surprise me now. The selling over the past few weeks has been relentless and IMO it was more than simple gold sentiment so it feels like there's something in the winds.

I'll be buying the dips.

Good luck to all.