As mentioned in the email update, the gold miner pullback yesterday did nothing more than bring the HUI and most associated miners back to near the short term EMA 20. Hence, it was either the start of something big or very well could have been a one shot pause before higher levels.In that regard, and considering the moves I have mentioned recently, MFN was bought back this morning at 8.60 after being sold in the low 9's. This is not because I think 8.60 is an incredible value but rather because the ratio of MFN to things I have sold like JAG and NXG has pulled back sufficiently and because these things are in a bull market. Don't want to be too far under exposed. The spec portfolio still has tons of cash waiting.
I am not suggesting blog readers run out and buy MFN, because this stock owes me nothing having been bought and successfully traded off the bottom under 3.
