I don't know about you guys, but I fully expected
some sort of news driven (heavy) pullback at least a couple more
times before the SP assumes a more appropriate valuation.
What that news driver would be, who could say?, all I know
is that it often happens in markets and hell even in nature.
We've tested $6 several times before and I see no reason
why there wouldnt be some sort of catalyst to causes us
to repeat history yet again. In the positive outcome that
I foresee (or hope for), this will continue until such time
that a NR flies out there either from Ecuador or ARU
that defines and solidifies the security and value of
our investment.
Until that marketmover NR comes (involving legislation
or more gold), we should expect more of the same history
repeating itself. So until that happens, it's not unreasonable
to retest lows more frequently than any of us would like.
(last month my GF of 4 yrs broke up with me; today I was
in court for a H.T.A. violation...at least it was withdrawn;
on the way home a pregnant woman rear ended me; and now this.... wow, anything else???)