Looks Like We're Getting That Dollar Rally

I can almost guarantee that when my stops get hit, that means that my decision was on the money. An updated view of the GLD ETF shows that today's volume spike was large and was a clear reversal day.  It is likely that gold's move down has begun. 

Note that our cycle timing model does not support the notion that this move down will likely last very long.  We're looking at the 1280-1300 range as a possible floor for this move.  Larger downside moves are possible and will definitely come at some stage.  We will keep an eye out for signs of an upward turn.

The HUI (GDX) and silver both confirm the turn.