I took a bit of paper money off the table (10 or 15%) on Thursday and Friday...(seniors, not AUM)...

While I do believe the low is in for this downtrend, on Oct 2, and tested on Oct 20, consider that the HUI has been up 6 days in a row; therefore, while there is no reason why it couldn't go to 7 days, the probability of a lively two or three day correction is very high for next week, and would bode well historically, for a very long and strong uptrend thereafter.

This might coincide with a rising $usdx to test the broken support level back at 76...just a gut feeling...not even an opinion...

lp,

gildage