Intra-day update: I just looked in at 1:00 pm EST and was greatly surprised at the share price action of the miners, asking ‘What the???’
Then, I realized that the metals themselves had not moved much, but had backed off from where they had been earlier, even though they still showed a gain. Friends, this is profit-taking! You can do the same, if you have a lot and want to preserve it… but, if you believe, as I do, that this is a new bull market, and a lot of gain is still out there ahead of us… well, I’m just going to sit tight, and maybe add more later!