Too many COMEX shorts ... and I don't blame them since there is really no physical gold to back the COMEX, or GLD and SLV for that matter ... I'd let them play their games on the sidelines.
There is merit to this technical analysis by a known goldbug.
Impulsive Precious Metals..The Game Plan
If I were holding PM miner stocks, I wouldn't throw fresh capital into the fight to fight the tape ... maybe a neutral posture with some HGD, HBD, GLL or DUST is called for.
For Silver and Gold Longs
Surely this dot-com-like frenzy will end badly and vindicate goldbugs ... but one has to pick the right battle to stay in the war.
jmho dyodd glta