Mining Number Four

Greetings from Harvard University. I flew across the very, very wide United States of America last night and will be spending the day here before heading back home. So I’m going to spend 50% of a 24-hour period on a plane seat. 

I wanted to revisit the Metals & Mining ETF, symbol XME, which, in spite of the tremendous rise for the past nine weeks is still sporting a very well-formed reversal pattern. I consider this rally to be countertrend.

Looking closer provides a better view into recent action. I’d say as long as we don’t go much past, oh, about $32, this should be fine.

Incidentally, I spent my entire waking time on the plane going through every single page on the Slope website. I’ve done some reorganizing (note the menus) since the features were sort of overwhelming the old structure.

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