Looks like it only lasted 2 weeks. I was getting ready for a good US jobs report which likely would have pressured gold (I was planning to buy JNUG after the drop), but of course the opposite happened. So when gold responded positively to the jobs report, I started to pile back in to junior PMs.

Despite the fact that September is usually weak, US markets look poised to start a rally. US markets rallied on the last 2 jobs reports - one good, one bad. Clearly the market seems to want to go higher. Also, we are on the brink of a monthly MACD buy signal for the SPX. If September is not down big, we will get confirmation of the start of a new leg up in the bull market.

Still, best bang for the buck is in junior PM stocks. I think this lasts at least until next March.