Friday, June 2, 7:44 am EST. Well, the metals and miners have been moving pretty much as I had thought they would. There’s simply nothing going on. They lifted out of a higher low in early May… peaked just after the middle of the month, and have done nothing to write about since.
The metals have been performing better than the miners of late, and that’s not a good sign; as the traders aren’t of a belief that the metals ‘rally’ has anything to it, and didn’t join it by buying up shares of the miners.
It’s going to take awhile. No one can say how long. But, we’ll keep an eye on things, and whenever anything actually transpires, we’ll be ready to take part.