The stocks dropped yesterday even though gold didn't, so it's not surprising that both the metal & the stocks are dropping today as well. Looks like the test of the March lows could happen this week, or next week at the latest. Hopefully we get a higher low, but hope is not a trading strategy. If the test fails and we make new lows, I'll be out (again) and I'll wait for another opportunity to get back in.

There's no need for any sector to have a panic selloff, but when it happens, it's a great opportunity for a trader with cash (and a bit of nerve). If the March lows do break, there would be a real possibility of a panic selloff, so I want to keep some powder dry.