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 DPM.to (wasn't performing) and another half of my HGU.to. 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.