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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

Miners are Getting Hammered; Significant Downside Remains

Dr. Fly Wed Mar 23, 2016 11:12am EST Comments Off on Miners are Getting Hammered; Significant Downside Remains

A litany of miners are getting smoked out today, crushed under the weight of the bulls hubris. There are zero reasons to be long FCX, X, VALE or BHP after their recent runs.

Nevertheless, many of you remain long.

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Considering the exasperated run in this sector, heretofore, there hasn’t been a more opportune time to sell in many moons, or sell short with extreme vigor and tenacity.

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