I'm accumulating PMs on today's weakness - especially the smaller ones. The only criteria I'm using is stocks that are down big time & have good liquidity. Here's my rational: I'm looking for a 1-3 month rally in these stocks - the first month is the Santa trade. If the Santa trade works (and I know it's not guaranteed), it creates a downtrend break of the falling wedge from July. The predicted move would take them back up to the August highs. Doesn't look spectacular on the charts, but it is 50% up from here.

Tomorrow's Fed announcement will do something - if it causes a spike down in PMs, I'll buy the mid caps because they'll probably move down most. Just a guess, but I think they spike up instead - in which case I'll buy more of the smaller names because they won't move that quickly.