Miners are looking weak the HUI broke recent support at 300.38 and is currently targeting 282.17. No BUY signal in GDX as the trend is still down. If there is any "buy" I would probably exit as the HUI closes in on the 300.38 level. Please remember that I rarely hold a trade for more than one session.

Silver is a little different. Friday's low needs to be respected, if it breaks then ouch look out below as next target is the lower Bollinger band.

Of course if it does break I am heading to the coin store to buy some more physical. Actually I went on Friday and added a few more ounces to the stack.

SLV is holding at the 100 day moving average and the stochastic has some life to it BUT the real buy set up looks to be a few sessions away. I would like to see sideways action forming a narrow channel between the 18 day and 100 day moving average. In general, I use the 18 day moving average to help determine long or short. Above the 18 day moving average I am looking to go long below I am looking for short opportunities.