MINERS : greed talk
​Miners have been propelled by Commodities into a sharp bounce. It is tempting to buy them. Yet, it is probably too early. We have some short to very short term bullish reversal patterns being triggered, but the sector is the weakest one of all. This means that it is the one that can take the longest time to bottom. It can come back to its previous lows or a little lower, and slowly build a base before the real bullish trend will emerge. The short-term rally may go on just a few days (though we already are at selling levels!) , but most probably, it will fall back again deeply to recent lows. We do not think you should chase rising prices, but we think that you should close short positions (or rebalance underweight allocations) in the coming weeks on weakness.
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