) in written and video updates to keep NFTRH subscribers apprised of the progress of the bounce from the early October low .
Also normal would be a further drop to fill the lower gap and test the 26.60 area to either confirm that the October 2nd breakdown was a false one or a scout for perhaps one final drop to make a bottom. Technically, it was a violation of the March low, which implies bearish, but that is exactly why it could have been a bear trap. False breakdowns are a ‘thing’ in TA.
To the surprise of most, the gold mining sector will become something special only when the Inflation >Disinflation/Goldilocks progression we are currently experiencing morphs into a deflation scare. And if the Fed’s hands are still tied and it cannot or will not effectively commit inflationary bailouts of bubble assets once again, so much the better for the long-term health of the gold mining sector.