Gold miners update
A few weeks back I had written about an impending correction in gold miners and although the correction did happen, the miners went up a fair bit after my call and then corrected back to the levels at which I had exited. Hence a small time and price wise correction is now in and the market has formed a base while working off the overbought condition. Since then the miners have now started to rally again and at this stage I believe that the miners are headed higher as the market is not as overbought as it was in April. A bigger correction will come but probably only after the miners have made a new high. In any case this is a long term bull market in miners after their worst bear market on record and it is far better to be in an experience some ......