[JNUG] update

At the backlink I was looking for a rolling take off but we now know (or at least assume) that long sideways action was just a 4th.  At least I did warn that "A break of any size back down into the channel negates this model.  This rolling take off model is all about momentum.".

Below is the updated model which I believe represents the very early waves of a new bull market in gold. If we see this peak in 5 waves and the come back down to about @27 in 3 waves, buy the living daylights out of it because the will be the setup for a big 3rd wave up.

Having said that, we should always suspect the possibility of a deep vee second wave after a major run has completed so this could actually hit $31 and then dip to $22ish and if that happens then you buy with both hands and stop out at just below your purchase price.