At long last, Venture has broken the downtrend line from March 2011 – on good volume. We are back to risk-on, which should bode well for the juniors – at least for a few months. Uncle Ben was the catalyst, but this has been going on under the radar for the last couple of months. The late June low was tested and it held. Also, we've been creeping up on increased volume for the last 2 weeks. Price action in the PMs have followed a similar pattern.

Meanwhile, US markets continue to go higher. The Russell 2000 actually made new all time highs this week! The Dow Jones total market index is within 4% of its all time (pre-crash) high.

Of course, a correction is overdue. Most markets are extremely overbought short term, and a correction usually occurs in Sept-Oct especially during election years. US markets have outperformed typical election years, but the pattern has tracked quite well. So some kind of pullback could start at any time, but I doubt that it will be severe.

Right now I'm all in with the juniors (PMs, base metals, rees, graphite, everything) – probably until January.