this thread = more evidence we are headed toward $50
All the people who spurned the chance to buy at $65 waiting for it to drop into the 50s (for the 3rd time since the peak), will be kicking themselves senseless when it ramps back into the hundreds, permanently.
That is besides the point, but since you mention it: the trend since around April 23rd has not changed. We are experiencing lower highs and lower lows. If the trend continues we may well see the 50s in August.