Miners’ Line in the Sand

By -

I has been avoiding trading precious metals on the whole, since there are just too many weird rumors floating around that are hard to take into account when making decisions (the most notably of which is the famed JP Morgan short position in silver which, if true, must be killing those guys). I will note that if GDX gets much stronger at this point, the H&S pattern is kaput. I'm watching this with interest.

0217-gdx