Contrary to what Monkey boy was calling for we made a decent profit on our put position and entered at almost the exact bottom of the stock market correction.

I also lifted my hedges today on all metal positions. I think it’s time for gold and stocks to rise together again, which has been the norm for most of the secular bull market. I think miners are going to break out of the Bollinger band constriction and deliver a 7-10% gain next week. And that’s just the beginning. 

My prediction for 2014: The SMT is going to have another 100% + year this year.