Miners Slip

Well I’ve been eyeing the miners and wanting to get large RGLD and ANV, but they’ve failed to gain traction.

I may dump RGLD if it doesn’t get its act together but still like the pullback ANV if buying commences.

$HUI lost some key support today on the $USD bounce. I will reassess the situation this afternoon and consider initiating a position in ANV if it eludes today’s weakness.

The mine shafts look slippery today. We could see some bargain prices over the next few days and joyfully buy up margin liquidations.

UPDATE: The afternoon hasn’t changed the picture much for either name in my opinion and I don’t consider today a buying opportunity in RGLD or ANV. I will wait until next week to see if the buyers want to step back in. I still retain my RGLD position.