The Bearish Combination of Soaring Silver and Lagging Miners

From sunshineprofits.com

Silver is moving up quite shortly today, which sounds bullish, until one realizes that silver tends to be particularly strong right before the precious metals market tops. And you know what's the other thing that quite often happens at the tops, in addition to silver's temporary strength? Miners tend to underperform. What did gold miners do on the last trading day of the previous week? image Miners reversed and ended the day over 1% lower, even though the GLD ETF ended the day slightly higher. Consequently, this piece of the puzzle seems to be in. Remember when we wrote that the situation right now is similar to ... (full story)