In reference to the post by Max5, Skol is the perfect contrarian play.
The last two days on the chart above were the bottom of the price of gold.
O.K.I suspect today or more likely Monday we will see the beginning of the next leg up in gold stocks.
The Aussie gold stocks have not been behaving like their international counterparts, which are showing a little more strength.
It COULD break lower but higher seems more likely.
There have been a few attempts to push gold lower as can be seen by the cascade or waterfall drops in gold price.
Each of these have reversed within 24 hours.
This is the opposite of what occurred during the US/Iran missile period.
The current period is similar to what was occurring at the recent bottom where there were a couple of spikes below $1,450 in mid-November.
The next week or two are critical as the indicator rarely sits still.
These are my views only. DYOR.
