RE:Downdraft already started in this sectorHard to say. The IVN chart certainly makes a clear argument.
The the red I see in quality companies like TECK should be a huge flag for more speculative companies in the sector. TECK, FM and HBM have been going down pretty much non-stop. Even the very positive Rosemont news for HBM only gave a few days of gain.
The trend is your friend. Until it isn't. I'm holding mostly cash now, just one company that I think has potential to buck the trend.