Loading ...Yes, The shortest Int. Cycle that I can recall over so many years came in after only 7 weeks but, that was a one time outlier. Two months would bring us to early Nov…that would still be quite short in time for this downtrend to end. I don’t try to say how long in time or deep in price because then I would then only be guessing.
We have many options on how to play these corrective downtrends. You can simply stay with Buy and Hold because in a major Gold Bull you will eventually be rescued even if you had bought at the very top of the last cycle.
Far better would be to sell some and rebuy at the next Int. low providing you have some decent trend reversal signals. What I did was to buy DUST. Some prefer PUT options but, I prefer the 3x ETF’s as I am then not so concerned with time erosion. We might get off easy this cycle in terms of both time and price…Who knows? I just won’t assume the best happens.