If you review the one year charts of the PM Complex vs Stocks (SPX), I am seeing a pattern where Silver and the Miners begin to sell off along with the Stocks once the stock market sell off begins to pick up speed.

You can clearly see this in the charts during August of 2015 and Jan 2016 when stocks sold off hard. Only Gold moved up as a safe haven as its role in the base of the monetary system.

As a result, I am not adding to my Miner positions here yet as I want to see how this plays out over the next few days. I will post some charts later in the day.