MARKETS,Anybody even yet?

[dinghy]

Red on a green day.

Gold miners are being carried out on a stretcher.

I'd like to see a 10% decline before repurchasing any of my trimmed shares. On the equivalent Friday (October 16th) in 1987, NEM Newmont initiated an epic collapse. Within the span of four sessions, NEM fell from 50 to 20.

In the prior year (15 months), it had run up from 10 to 50.

[olds442jetaway]

Off to the races again! . No buys for me. Looking to sell into strength.

[dinghy]

I did several miner purchases approaching the session lows. From there they retraced a little, and now have improved another 1% in overtime.

I'll be ready for action Monday.

[wildman49]

I did several miner purchases approaching the session lows. From there they retraced a little, and now have improved another 1% in overtime.

I'll be ready for action Monday.

NUGT was down 26 points today but still up 9 for the week, miners still going higher I would say this is a chance to get in on the sell off

[dinghy]

NUGT was down 26 points today but still up 9 for the week, miners still going higher I would say this is a chance to get in on the sell off

I like the miners, but my enthusiasm is much diminished. Miners need high metal prices, and it's not clear to me that gold is cheap at $4250. For 10 years according to Morningstar, GLD has averaged 13.21% total return. VT world stock market is lagging at 11.23 including divvys. That's not normal.

GDX is 18.15, pulling ahead after trailing for many years.

I'm trying to reduce to a 10% miner allocation, currently a little above that. Yesterday's selloff helped me toward that goal, lol.

[olds442jetaway]

No miners at the moment, but will buy on a selloff.