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Wednesday, December 10, 2014

Noon update on PM miners

BTG and GDXJ melting away, and SLV and GDX losing strength, suggest to me that there might be a drop in the PMs and miners round the corner.

I've actually cut back my position to 33% or so, from the 60% before. Also dumped some (wasn't performing) and another half of my And some RIO.

Frankly, the market action looks like a slam is just around the corner.

The uptrend is intact but the overboughtness might get beaten down around here.

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