Using ETFs (SLV and GLD) as proxies for Silver and Gold,
and ETFs (SIL and GDX) as proxies for the senior miners.

Keeping in mind the caution from Rambus and also from Plunger not to trade the correction, I am sitting tight.
While the metals have sagged a bit, my portfolio, if anything, is up a wee bit since the start of the correction.

That means that for the past few weeks the miners have been outperforming the metals
which is what one might expect in a bull market. (Nice!)

It’s possible that the patterns drawn on these charts are not yet complete.
But I’m tickled with the developments so far.


SIL (bull pennant?)


GDX (bull pennant?)