miners continue to lead, gold has been weak and for an extended pd of time , miners are firm to higher. this usually leads to big rallies in
the sector. seasonally we are in the weak time of year. so either we Vor make some kind of double bottom. oscillators are oversold. and gdx has fired the warning shot breaking out of its large pennant pattern. its quite normal for it to pull back and test the breakout. i am cautiously bullish herehaving bought weakness in several issues that i favor. its a very rare situation where a major buys 7.3 million shares of an explorer on the open market. in short valuations are extreme the current environment can be explosive. as always do your own dd,
dharma