Today is anybody's guess as what goes on in DC overrides any longer term fundementals or TA. That said, a short term double bottom appears around $21.65 on 5 day chart. Out a week or more, I think the trend is down, Just does not seem to be PM buying momentum. On a sarcastic note, I am about 80% cash, so that would suggest we are right at the bottom.
SLW and other miners will follow PM at this point. Bangsters working hard to drive PM down. IMO, we have a good chance of testing the lows again. I sold my puts last Friday and I'm easing in to a long position. Holding back plenty of cash in case I am early. The open gaps in SLW and other miners from 11Jul timeframe have my attention. We may see SLW dip below 20 again and fill that gap at 19.70. That would likely correspond with a spot price at or below 20. 20 and below spot is where big money from middle and Far East step up with significant volume. Follow the money and follow the power. GLTY!