Whats up for gold stocks now?

Gold bounced in the early half of last week. That should also cover the miners as well. However, do exit any related stocks at a moment's notice, as gold and silver remain bearish. The next leg down should be towards breaking the $1100 level. For silver, the target will be: below $15.

For Nasdaq, a fairly major bearish divergence is witnessed for its price action vs the Relative Strength Index. It is advisable to load up more when it is already down..and not on its way down.