As you can see on the chart below, the drop that bottomed on August 1, 2019 was only a minor wave ( iv ) down. Off that low we got another rally to new higher highs in wave ( v ). That is the final wave that concludes the strongest part of the rally in wave C of 3 up. As soon as it tops out we should get a correction of bigger size in wave 4 down. That correction will drive prices back down at least to the lows made on August 1. Yesterday I sold significant part of my long term core portfolio of gold miners. I will be closely monitoring development of that topping setup on a micro scale for subscribers of my Premium Chat.