Waiting on Miners

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Ever since precious metals hit bottom on June 26th, they’ve been shaking off their kooky blues. Gold, silver, and their miners have all been on the ascent for nearly a month, and the comments section over on ZH is rife with I-told-ya-so-fiat-clowns sentiment.

My view is that miners are approaching a brick wall. There’s a gap at 27.43. If we get to that level, or near it, I plan to start re-entering a short position with a stop price at 28.86.