12:12 pm PST. I do not really think today’s rally in the miners is sustainable. It looks like a B wave and we still have wave C down to come on Monday. If we close above the UUP prints I will remain short ABX, target 17.29. There is very little volume on the mining stocks in the dark pool and I think the market makers are taking a break and waiting for the retracement as the indexes continue higher.
