Nothing has changed in terms of my long term view of these miners. They were just on fire and of course nothing goes straight up just look at GOOG and AAPL and so many other high flying stocks. I think patients and buy and selling at key points will be rewarded over the next five years in these stocks. Aging plants, high oil prices and a government that can't cut spending and warring, inflation is running rampant but you will never see it reported by the Government who manufacture the very same number (CPI, PPI) to suit their policies.
Commodity stocks got too hot, they needed to get beat down, the easy money has been made here but the trend is in tact for years to come. Short term pain, long term gain!
See yellow trendlines, these will be re-entry points for me with stops 5% below.
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