Into it...

I'm back in the game. I got SLW last week at 7.85 and I'm buying GG at the open tomorrow. I loved the price action and relative performance of the metals today. The broad-based equity run was lead by the metals which were all up big. Both silver and gold crossed their downtrend lines and have a lot of upside to make it back to their highs. I'll keep nice 5% or so stops in case I get it wrong but I'm pretty confident that the market has reached at least a temporary bottom. See the chart below pay attention to the break-through of the downtrend line as well as the MACD histogram indicating a possible crossover.