My internet connection here in the Stanislaus forest is very weak. So I am going to write that I am on vacation enjoying the snow with my family. I will note that the mining stocks performed very well yesterday. Impressive considering the dollar was also up. The indices pulled back, but I still think it is just holiday consolidation as most traders are on holiday still. Thank you!

Barrick gold overlapped a key level yesterday which indicates the correction could be over. It has also been showing positive divergence with each new low since September. Very interesting. Typically when that happens, the stock pulls back a little. It will be the character of the pullback that will be the tell. Will it be a higher low or a lower low? Or will we continue to race higher in this longer-term wave III? Perhaps the bottom in mining stocks is in?  If ABX rallies past $16, that’s a very positive sign.