Loading ...reinforced by the one year chart of JNUG :
It just seemed like a bid close to the previous bottoms could not go too far wrong .
I have been a goldbug for decades – since the days of Reagan . Typically , the late spring / early summer periods have been the doldrums for G & S – with a few notable exceptions … a time to buy when others are running away .
So I felt that a bid near the lows of the last year had a high probability of success .
I have been wrong before , and may be wrong this time too .