Its fall now. Its the best season of the year. Its a time to prepare for winter and the cold winds that will follow. Since mid July when the $HUI formed a monster weekly bullish engulfing candle that I discussed then that formed a higher low confirming that we were most likely at the end of the stealth accumulation by the boyz and that you should have been accumulating miner shares with them. Now we have enjoyed 9 weeks of a monstrous up move with virtually NO pullback. You gained little advantage trying to trade your position during this time. THEY DID NOT WANT YOU ON THIS TRADE. Guess what? THEY STILL DON'T WANT YOU ON THIS TRADE. The question is did they get the hedges and retail schmucks back on enough to flush them again or do they need some more bullish sentiment to build. I don't know.......but I bet I can tell you in the next three weeks. They will rip it back within that time period. Should you sell? That's up to you. NO ONE can tell you after a run like this to NOT take some profit. Just remember.......we could be in one of the biggest bull runs in Miners EVER! Then again....if we are we should suspect every conceivable trick in the psyops war on sheeple investors imaginable. Right now the MSM are starting to tout the virtues of gold and silver daily after this fabulous run up. Prior to the runup when you could have been accumulating very cheap shares NO ONE would advise you owning the miner shares other than the usual pumpers on the Precious Metals websites. Most of those websites were in total chaos with the cheerleading pundits being bombarded by the commentors crying about their paper losses. All of those developments were screaming bullishness in the stealth accumulation of the miners that had transpired since the May low. Thats right the MAY LOW! We talked about that possibility incessantly back then and they were still able to keep it looking like it was in a BEAR market. They are good. So why the low price and individual miner rotation and beatdown kept the sentiment bearish the real power was accumulating and preparing for what would occur eventually during the last nine weeks. EXPLOSION......at least in retrospect and explosion. Just look at those charts. Purely amazing. That was then and this is now if you are trying to short term trade this. Some of the players here use different strategies and have decided to let the casino have their fun with the shorter term traders like the hedges and the retail players that think they can beat the house. They are sitting tight and watching the action with fully invested positions and just holding. For those that think they can beat the house you may get a nice entry in the next three weeks. Maybe even this week. You know its coming but how quick will it be and will you get in????? WELL......Will You?? They do have to shake leaves though don't they........but how high will it be when they shake that tree of leaves? How high??? Three weeks is a long long time. I have advised NOT overtrading this ride for weeks now. I have not switched my advice. But if you want to take some profit here and hold most of your positions then its not a bad spot to do that. I still think in a few months this move will be much higher.
I use as many metrics as I can find...This market is the BEAR of all bears perhaps worse than the 1929-1933 crash.It was the result of a thirty year credit bubble that could have been stopped. Many of us trading and trying to survive this will be destroyed....Many families will be destroyed, conversely many families will become closer as they unite to survive. I will attempt to provide useful current daily news that will assist you in your market and personal decisions. Always do your own due diligence...my commentary is just that....commentary. We are now entering the K Winter final phase down. This is heralded by a complete loss of CONfidence. Many of you that have read this blog know this is EVERYTHING for markets. We are lost and our moral compass is lost...that is a disastrous combination. The rule of law is now in the rear view mirror for this nation. Prepare for coming events beyond your imagination. readers