Miners Look Weak

Gold and Silver are holding up, but miners may be forecasting lower prices. If miners continue lower throughout the day, the opportunity for a sharp decline will increase substantially.

GDX- Miners are dropping, and if prices close below $22.50 (preferably $22.44), we could begin to see expedited selling.

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GDXJ- Juniors are holding up a little better. Closing below $31.40 would be a step in the right direction. However, Closing below $31.00 is needed to initiate a sharp sell-off.

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I will update again before the close. If I like what I see, I may add to DUST and JDST.