TU callisto + cha GRY has run hard, needs a rest.. Gold stocks...

TU callisto + cha

GRY has run hard, needs a rest.. Gold stocks have been taking it in turns all year.

Bull market = > serious money made in the longer trades
Re possible CR. Recent cap raises in goldies have been over-subscribed and easily digested
Bull market means 'good news' is received as such and moves sp forward, and a cap raise to move a company's prospects forward is in reality 'good news' in a bull market. We know the market is forward looking. 'Bad news' moves sp down. I love order! But we have witnessed average and poor quarterlys create a temporary pullback or even be dismissed (e.g. MML, PRU, TRY) = bull market.

The market is obviously anticipating higher POG. It, and I, could be wrong, but it does look orderly at the moment. That is in part what is making me nervous as I am starting to get that self-satisfied feeling. Hubris.

I am expecting a significant pullback which may last weeks only after the next hard run in POG....cha you know my target......personally I will consider liquidating if XGD reaches 5000, and will be vigilant from 4500.
Overshoot to XGD 6000 possible. Patience, then reload.