errr. except that there has been no correlation between Ag and equity markets for the past 1/2 year or so. Ag has not been acting like a commodity (check for instance the graph of oil v s&p). correction in equities, while it might have an initial hit, might actually be good for metals.
It might be OK for metals, but miners will take at least another 25 - 40% hit.
Right now it's a lose/lose situation for miners. If the major markets continue their upward movement more investors will be drawn into the equities market. If the markets tanks, miners will
Good luck with that. This board has exploded with bashers and naysayers. Reminds me of similar stocks I have been in. GMCR dropped precipitously down to 22 and the doom and gloom being thrown out by many new posters then was quite similar....many saying wait to get in at 18 or 15. That one went on to go back into the 40's right after. WAG took a huge drop down to 29 and same thing, bashers warned of further drop and better buy in points around 25. Never happened and instead climbed quickly up to around 42 where it currently sits. That is just two I have been personally involved in and there are plenty more.
Point is, when it looks like it is hopeless and the bashers are out in big numbers telling you it is so, hang on and get ready for the eventual rebound.