Gold still has another leg up coming towards US $1,600, and will...

Gold still has another leg up coming towards US $1,600, and will peak around the next FOMC meeting in mid September. Market looking for a big rate cut, and will be a sell the news type event. Rate cut will see a relief rally in the US stock market and take the wind out of Gold. Correction in Gold will take a couple of months.
Gold stocks are seeing a bit of exhaustion. It's typical late in moves for the Miners to lag the physical metal. When the correction in Gold comes you better be in companies with strong fundamentals. I can name a few that will see a big drop. SAR is top shelf and you would regret reducing exposure long term. Even short term there's better companies to play the swing trade with. IMO, GLTAH!