What we are seeing is a bear trap or orchestrated shakeout. Not sure how deep it is going to go but typically is over very quickly. Could see some capitulation in junior gold stocks as trends are taken out. Plenty of support in most producers but levels now vary widely. Major support for most producers is around 10% lower. . This is an interesting interview with an ex-Fed insider. Bought up a couple of points I had not considered in any depth. Talk about frustrated.
