Well gold and silver performed per the technical picture they showed last week. Gold is now at a short term double top and overbought, same with NUGT. My view is at worse we get a pause that refreshes, then to the next levels higher in the metals and miners. Check this chart out from Zero Hedge. Talk about risk.
I am watching energy, oil and drillers with increasing interest. We are coming into the high season for oil, and last weeks big candle higher is a shot across the bow. After this consolidation, I am looking for an assault on the recent highs.
Also, the portfolio is doing well, and am slipping more and more bearish until I see another buy signal on the broad indices.
Here are some charts with my comments. Enjoy.