i continue to just watch the recent SLV breakout from the sidelines as the pattern was just too widely watched and anticipated IMO. that in no way means that it can’t or won’t play out but it’s just not in my comfort level to trade SLV, GLD or any of the miners at this point (other than a small position of AXU in an IRA). one thing to note is the blatant lack of volume following such a well anticipated breakout. however, as the PM sector is a favorite of many, i will take a look at the components of GDX & GDXJ later today for any standout patterns. currently there are two mining stocks listed as active long trades (AXU & SSRI) plus one setup still in the queue (HL), which has yet to trigger an entry but is getting close.
for those interested in some additional setups, TheStockFox.com is a great resource for PM stocks and analysis. just to be clear, i’ve know him for years and i do not receive any compensation for referring to his site. if you used Right Side of the Chart for a while, then i’m sure you’ve noticed the lack of pop-up ads on this site or any other type of promotions/advertisements. i’ll only link to a recommended site if i use it personally or think that others might find it useful, never for financial gain.