Then, schizoid-like–with no “event”–with no transition–and no discernible cause–a switch is thrown on–and it starts going up–day after day…that has been the pattern for the past 20-25 yrs.
When gold is in the “hopeless” mode–for a long time–like now–I always look to take a stab on days when, say, JNUG is down 10%-20%–and gold futures are down less that one %…sometimes ya can catch a bottom like that…rather than waiting for confirmation–which usually comes after 30-40% of the move is in the record book.
