Massive red candles and huge volume in both GLD and SLV. BIG warning signs. 

Well   Matt once again you were right about NEM.  The good news is although I sold my short     dated puts for a loss I held onto lots of SHORT in   NEM . I also did OK in RIG and several Siver miners.  So good weekend to all. 

DiGi    Your parents taught you good habits growing up. 

RIG  having a WILD day that rallies early and falls hard after. 

TEN  year bond is actually  falling but not sure why. High about 4.58 now 4.495

CEO for   MRVL  was on Cramer tonight.  He was quite upbeat. 

NEM   Matts  favorite DOG  is one I just bought Apr puts in. When stock  at 38.84 and acting poorly. 

Foody thanks for your comment. I was short a few others this a.m. on a bounce. 

Tom McClellan just posted that he sees Inflation higher for next few months in Stockcharts related to Copper.  

Wondering thoughts on GLD is this a test of wave 3 top and a failure for now. Covered most GFI 17.52 area.

Shorted GFI 17.82 a few minutes ago. Some of miners dropping quickly as GOLD  itself is losing its gain too. HMY I was involved in traded down so quickly unable to post  9.08 to 8.93. 

AAII Sentiment shows small decrease in bulls .  47 to 43 percent

GOLD and SILVER breaking out again to new highs again.

GDX:GLD  looks extended and is rolling over this afternoon. SIL:SLV   looks quite similar too.

Some broker raised RIG target to 9 and it traded to 6.88 pre open and now 6.51. You know I was involved. 

Sure feels like end of wave 3 on most miners that were way outside BB this a.m.