RE:RE:RE:RE:August Was a Double Bottom Long-term Trend ReversalWolfin... we shall see who's right. I also made a good trade selling YRI when higher, bought oil n gas riding it up while YRI fell. Then bought back lower. Made a 25% spread gain. I could have made more had I hung onto oil n gas a few days longer. End of the day I improved my position and only need AUY at $3.50 for break-even. Very realistic it will hit $3.50 in the next 12 months. So I'm not worried if it drops more. Some need $6.00 or $8.00 for break-even. So in my position I don't see it worth the RISK of selling and MISSING the rebound. The rebounds happen fast and could miss a 10% + rally in one day. I'm looking more longterm at this point. AUY at multi-decade lows as low as 2002 and I only need $3.50. I'll hang on from here. Most of this drop is from auto trading stops getting hit. But all the stops were already hit. So what you will have now is the true long and loyal holders. The whole sector has been dropping for 5 years. Look at HUI and XAU the number one index to watch for the sector. Many never thought the sector would fall under 2008 levels. We're well below. The fact that HUI and XAU made a run to try and make a new low but failed... is a strong technical indicator that the sellers have lost power at these low prices. Not just Yamana, the whole sector. Buyers will soon take control. Remember, the more time goes by, Yamana becomes more efficient. They have a new find near one of their current mines with rich high grades. They'll start tapping into soon. Also, historically since the 70's... the miners turn around to a long-term uptrend 6 months before physical gold/silver. If you're correct about one last wave to Gold $1,000 then this is true bottom for the miners because they historically bottom 6 months before physical bullion. We shall see who's right :). I'm holding and will buy more if it drops significantly.