Using our Jim Hurst Cycle tools we can find major cycle bottoms in a time series.
Time series do cycle, and multiple times cycles find major bottoms. A gold cycle bottom is hear or very near. Simply a price bounce is due.
"If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole." ~ Jesse Livermore Trading Rule
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong." ~ Bernard Baruch
"It is much harder to sell stocks correctly than to buy them correctly." Because of the emotional aspect of trading, if a "stock went up, the average investor would hold because he wants more gains - he's exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even - he's hoping against hope." ~ Bernard Baruch
"Don't try to buy at the bottom and sell at the top. It can't be done except by liars." ~ Bernard Baruch
"The key to making money in stocks is not to get scared out of them." ~ Peter Lynch