Seems a big hit was due, and perhaps it continues through the week, who really knows. But even gold does not go straight up indefinitely. It does seem that no matter what, and how good the good days are ($50+ days in gold), the retrace is always more violent ($75 or so). However, the retraces have been quite short lately.

Sinclair has been so in tune to this market for so long, it's hard not to follow him until it's clearly shown that he's lost his way. He's calling for much higher based on hitting the $1,764 level, so I gotta think we're going to get that "much higher" price. Doesn't have to happen this week, or next, or in September, but sometime fairly soon.

Will the shares be along for the ride - that's the question... I like what I've seen the last three weeks or so much more than what I saw for the previoius couple of years.