I think a retest of the November low in the HUI is pretty much guaranteed in the next couple of weeks.  There was a gap formed off the lows that is going to act like a magnet.  I also expect another slam down in the metals within that timeframe as well.

I think it will be a buying opportunity if you have no position.  I am not selling into this dip, but I am not going to be adding to my positions either (I am already what I consider fully invested anyway).  It’s fair to say the bears have me a little concerned in the near term.  Hopefully my concern is a contrary indicator. 🙂