Yesterday we gave you some thresholds for selling your PM (precious metals) stocks. Those support levels have held, and are still holding so far today. The criteria is based on the CLOSES of the indexes and your individual stocks being analyzed. Again, a greater than 2% close below the 25-day mov. avg. (green lines) is a trigger to sell whatever makes you comfortable.  We hope that guidance yesterday kept your tail out of the "Whipsaw Ringer". It's your call, and even if the HUI is not down there (more than 2% below 25-dma on the close), individual stocks are not always in sync. Most of mine being juniors are especially volatile.

Now then, when should we commit additional sideline funds (funds which I don't have)? I was caught just like many of you - all the lights were green up to yesterday, and fully invested.  Establish new positions when the price closes above the 13-day mov. avg. (red line). You can wait 'til the HUI, GLD, SLV, and your stock targets are all over that level, or any combination of concurrence. The risk is yours, not mine. Here're some intraday charts for your study.

You should be able to reproduce any of these for free by clicking here and following thruout the trading day. Remember, we are working - and hopeful - of weekly closes that the respective MACD bars will be favorable for confirmation that the run of the bulls is back in the streets!

I do feel that a resumption of the gold bull will be reflected in a sharp plunge in the GLD:$HUI Ratio (at bottom). As you can see silver once again has assumed leadership over gold (the larger gap up at the open for GLD not withstanding).