My technical analysis is more index wide rather than stock...

My technical analysis is more index wide rather than stock specific. I believe that the Dow Jones and S&P 500 have started their 2nd leg down based on the drop of 7 % on Thursday night and Friday morning, followed by a very tepid response on Friday night and Saturday morning. In my opinion it won't happen in one day but may happen over 7 to 14 days and see a drop of 30% or there abouts. Now I am expecting gold stocks to drop more on the basis of panic selling than the gold price or business fundamentals.
Gold price should hold above $1700 US Oz but at worst go to $1650 and at best reach $1800.
So I will be a buyer of TRY anywhere below about 7.5 cents. Smaller stocks like TRY are more prone to larger fluctuations than larger stocks, so may even get down to the sixes, which is always better as I love to get discounts when shopping.
Expect a pull back across the gold sector like in March but see it as a buying opportunity not a reason to panic sell.
I am overweight gold and 40% cash just waiting to be spent on cheap stocks.

Christopher