Major sell signals flashed in UDN, CPER, GDX, GDXJ, SIL, SILJ, SLV, AGQ, and PLTM. Profits were taken. Derivative gold has a tiny bit of headroom left, while silver does not have any. Nor does platinum. I sold NEM, as well, for a small profit, which did not generate a signal, but is not favorably buttressed by overall index price action.

I’m going to keep substantial powder dry for a future buying opportunity.

Note: Exogenous risk rises.


I was reducing also. For other reasons. I worry that general market decline may pull the rest down. You need to have cash, to be able to bargain hunt.
Thanks for sharing and good luck in these crazy times!

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