Indeed, such is the forerunner of market tops. I've been saying for many months that markets, in general, are overblown by any measure, even at the most recent low. Smart money has been moving into gold and silver partly on account of this, and partly because of rampant money printing around the globe. When Wall Street, in general, takes a turn to the south bullion and miners will take a hit along with everything else, ...at least initially. But then they come roaring back as the assets of choice for the remainder of this era.
All of my stocks were up yesterday and so far today, except for one, the one with the least qualified CEO I've ever experienced in my decades of investing in this sector. I bought tons of shares here on the cheap around the time of our change in management. but all I see now is lost opportunity as other mining stocks move up and this one is stuck in being range-bound. I still believe in Hay Mountain and will continue to hold some stock here, but I do not believe that BG has what it takes to advance this company by any measure. He is a total liability, in my opinion.