Generational Lows in for Mining Shares - Establish Long Term Positions Now or Soon

DEEP IN THE HEART OF TEXAS --  We are still mostly out of pocket and mostly out of touch, but when we return from our self-imposed hiatus later this month one of the topics we will be discussing is that we believe that mining shares have put in very, very long term, ... probably very technically important, ... probably generational lows.

That notion of ours is in part fueled by the charts shown immediately below, but we will of course have much more to say about them when the time comes.

Mining Shares vs Gold Metal

Small Miners vs Larger Miners

CDNX vs Gold

 

HUI/Gold Ratio at Extreme Lows

Large Cap Miners  at Major Long Term Support

What does this post mean? It means simply that the time for being short mining shares is almost certainly over. It also means that the time to begin building a long term long position using options and very little leverage at this stage - opportunistically - has arrived, and with little or no doubt now.

More later on this month or early next. Stay tuned.