tapped my fingers...and sensed that the blue chip silver stocks were going to keep heading down, no matter what. For once, rather than wait and watch dumbfounded, I sold them. For ex., the chart of SLV looked ominous and the bashing on many BBs was cacophonous. SLV is down another 50 cents already today. For once I was right.
I'm thinking that many JPM/PM stocks will be taken back down to their previous year lows...just a guess...hope I'm wrong. There will be many exceptions for whatever reason..ie; SGR. I think ECU will tread water over this "soft patch" of Ben's. Bill Murphy could be a leading indicator.
Off for the day.