Yep... Today was a critical point for RGLD to hold but the support is looking to be very strong here in the $40 area...Gets a little unnerving seeing the intra day move down but it looks like the support will hold nicely...It appears that the big move up is just about to start.
I think you may be correct here. Keep in mind that any move RGLD makes will be heavily dependent on what gold does. It looks to me that if gold hasn't bottomed, it's very, very close. Maybe another 10 or 15 bucks down from the low today is the maximum pain I see. Whether it gets down there or not is moot. It goes sharply higher from this level and soon and RGLD will fly with it.