A mining rally at last? Waiting for gold dough
In a previous blog, we suggested we'd see a rally for miners into the end of September. Mining stocks did rise about 10% from the end of August until about Sept 22nd. Unfortunately for the bulls, heavily piled up short positions as evidenced through commitments of traders reports took their toll on gold, and the miners themselves were pulled under their support, toppling 18% to their recent lows.
