Having taken tax loss selling pretty much down to the wire for the miners and metal related equities and ETF’s, things are setting up for a very interesting Thursday, Friday and next week.

We are seeing a bit of front running in some of them, but it really has been stock specific and not a trend for the entire group. While I lean towards a very strong start for the New Year for the metals and miners, I am not entirely convinced that they can avoid being crushed if stocks fall real hard in January?

If you pick your spots with a select few, some that have been crushed already and sitting at support, and others that have shown relative strength and ready to break out, you should be in a position to benefit if the upside launch begins right out of the gate, while not being hurt too bad, if the whole market tanks in unison.

Dip your toe in but keep ammo in reserve if the opportunity presents itself. As far as the actual physical metals are concerned, silver, under $29 spot and with the GSR above 90, appears to be washed out and ready to rock.

HAPPY NEW YEAR to all!