This sector is a tradePure and simple. Fr should be back to the 15 day high as SSO now is. SLW is above it's 40 day high and been running the past 13 days. FR should move to 9.00 if gold can move into 1200-1250 on this leg before settling back again. Watch the biggies and you will see the little guys follow. The TITTGD has not moved into it's 15 day high either.
PS.. the oversold oils will do a little rally next. Having said that... don't think we are done with the bottoms of either the energy or pm sectors. Traders are just shorting, covering, buying, selling and shorting again. Get in the rythem and one can make a dollar.