Just a quick note to let you know that even though the HUI Index moved very briefly below 500 and the GDX ETF moved very briefly below $50 we believe that the speculative long position in the mining stocks is still justified. This is in tune with the outcome of our latest research regarding stop-loss orders and the SP Indicators. We will provide details in tomorrow's Premium Update.
Thank you.
Sincerely,
Przemyslaw Radomski, CFA
