gdxj/gldx no longer lagging

GDXJ and GLDX are holding the EMA(7)s that they just won yesterday. So the juniors an shitty explorecos are technically looking bullish. But meanwhile GDX is downish - still above its own EMA(7), but starting to look a bit toppy.

Now maybe that just means that there's no more gas in the tank for the majors, and so the lemmings have started buying up juniors and shitty explorecos. I.e., that's all that we'll see from this $HUI advance, and soon the bottom will fall out of everything.

Germany is falling into recession according to data released this morning. USA's already back in recession. Correlation is very high, and $VIX is stubbornly up in the 30s still. So maybe there's more of a drop coming in the broad markets. That should colour your consideration about our near future.

Then again, if you're a more medium-term person, $HUI painted a higher low that the SPX would only be able to dream of at this point.

Anyway, I dumped a bit more stock for a bit more profits, but am willing to buy back loads at the right price. E.g. today GOZ looks weak, so the shares I recently sold at .84 I have now bought back at .80. I might want to pick up some FVI. I find USA frustrating and might take profits and hope to get back in at .58.

All Otto's subscribers who bought up Estrella to well over $1 might want to take a look at it now - you can get all you want at .75. That's probably going to apply to Regulus soon enough, I think.

I've been seeing Argentina election news on the Reuters feed, so I'm wondering what to do about that crappy copper play in the middle of nowhere in the province where they don't like mining. Not telling you which one it is because I want to buy it before you, for cheaper than you. Because I'm bad.