8:34 am pst. I am back in. That was quick. lol. The smaller wave correction might still have some more time to correct.

8:29 am PST. Took profits on JNUG +1.50, still holding core positions. Looking to re-enter on the wave iv before the close today, possibly after lunch hour.

8:09 am. Took some profits on FCX. looking to re-enter. Watching the 14.54 area.

7:55 am PST. Still  more room to run on the upside.

7:18 am. Good morning! I awoke a little later than usual. Too busy dreaming of a genie. Hmm. Is anyone surprised that gold stocks are up today? lol.

Newmont back tested the trendline for two days and now is going to fly higher.

Newmont’s new up channel.

The train is leaving the station on the mining stocks.

12:54 pm.

FCX stole the show today. It was unstoppable, like a bull on fire. FCX will eventually make new highs. I remain long. I might try some call options on FCX on a pullback.

GDXJ broke out of its five-month-corrective channel. It looks like GDX will close above the prints and IAU will close above 11.20. I think the mining stocks are going to fly higher tomorrow. I remain a bull on the miners.

I bought VALE and I think VALE will work its way up to $10 over the next coming weeks.

SPY  and XLF had an all day up day today and the bull is note quite done yet. The dollar fell out of bed as anticipated.

GDX: 21.75 1.51 million – bullish if we close above, bearish below, 21.89/917,430

MOS: huge block trade of 5.9 million at 30.30 – MOS is a buy.

8:46 am. MMs are buying GDX at 21.74 to the tune of 886,426 shares.

8:23 am. 311,000 shares of JNUG block traded at 6.60.

7:33 am. We have breakout of the upper-downtrend line from August on GDXJ. The question is whether it can now hold the break above and continue.

6:57 am PST. A large IAU print just popped up a few moments ago. more than 2.6 million at 11.20 and we are above now. I will definitely watch IAU carefully. If we close above, that could be really bullish. If we close below, bearish.

This morning I will watch to see if I have to exit my mining stocks or whether I can continue to hold. The dollar is rolling over but whether it is really ready to sell off is the question today. Will it be gold or the dollar that rolls over.

The jury is still out the indices.