1pm update - those poor miners!

Whilst the main indexes continue to see minor chop, the real action remains in the metals and the miners, the latter of which are seeing very significant declines. The gold miner ETF of GDX is -4%, and a break into the teens looks viable this month..even week.


GDX, daily

SLV'60min

Summary

*having bailed on SLV earlier, I'm still looking to jump back in..but at a higher level. Considering the sizable QE tomorrow..equities look set to jump into the 1815/25 zone..and that might be enough to suck the metals (briefly) higher.

Target..slv 18.95/19.05...then 17.
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Notable strength in Seagate (STX), +2.5%

STX is a $100 stock in 2015. Go look at the balance sheet.  Price action is strong...holding above the old ceiling - now support. Upside into the 60s by late spring.