I believe that the miners will continue to be in a bull market for the next 18 months or so, and that money will flow from the biggest miners, to the juniors (already happening in GDXJ/JNUG)), and then to the microcap miners. The microcaps will have the biggest % gains over the course of this bull market. jmho.

It's being aggressively pumped by a group of well-known P&D types over in Investors Hub and probably elsewhere. VGZ was their target a few days ago, and now they have moved on to THM. Buyer beware...

You summed up the ZH phenomenon very artfully. The seemingly relentless negativity by some members (and on other sites I follow, especially PM sites) gets really wearisome sometimes. It's important to have both sides on the issues that affect us, but I'm always intrigued at the need of many to feed at the trough of negativity and pessimism. I guess it fills a human need, but it's nice to have some balance on occasion.

Enough with the cheap shots already. They usually say more about the speaker than the target of the comment. jmho.

http://www.talkmarkets.com/content/us-markets/misreading-the-cots-again?post=93732&uid=26404

Be careful with this one. Earnings out tomorrow.

Looks like a bullish inverted H & S to me.

Thanks Steve. That helped.

My Stockcharts is having problems this morning. The "last" price is accurate in the heading, but the chart itself is not accurate. Anyone else having problems?

Matt, the GDX mechanical system, according to the statistics table you included in today's newsletter, went on a sell signal today. Obviously we can't trade on that today, since the market wasn't open, and assuming GDX gaps lower big time tomorrow morning, how will you calculate the gain on that trade? Just curious...

sbaxman, thanks for sharing. Your posts are always interesting and useful.

Yes, GDX started dipping after the SPX launched up a little while ago. That said, GDX is still holding up pretty well relative to the move in the SPX. Maybe another small clue on a bottoming process for the miners actually happening -- or maybe just wishful thinking, lol.

Thanks for the explanation zitron. Always appreciate you sharing your experience and insights. Do you have any targets in mind for GDX for the near-term (i.e., more than intra-day)?

So you were looking to short for a 10-15 cent move down in GDX? I'm curious about your thinking behind the risk-reward on that trade.

Do you mean resume the uptrend?

Maybe a better test is look at GDX, which is not overbought and looks to be a good set-up for a move higher after this consolidation.

BREAKING: Bank of Japan introduces negative interest rate policy of -0.1% for the first time - Reuters & DJ http:// cnb.cx/1ZXHrIO

I just saw your notification, having left the computer shortly after the close, and the futures are already down some from the close. It's a tougher call whether to take a short now or wait...

The SPX daily chart looks very constructive, making it hard to think about exiting the SPY Pro system as per Matt's Friday email. Any thoughts?