No surprise in recent moves in gold and silver markets
However, if you observe the seasonality chart for gold, you can see how mid-April offers such a superb entry point. So the answer to the question "Do you sell here into the PDAC curse?" is "No," because the bulk of the decline could quite easily be behind us, especially with the RSI for the HUI now a tad above 30.
The same applies to my number-one trading vehicle for the mining stocks, the Junior Miner ETF (GDXJ), which was sporting an RSI above 75 back on Feb. 12 with the stock at $42.50. I warned you against the KoolAid guzzling that was rampant at the time, because every single top had occurred from an RSI above 70. Now, with the stock at $33.42, I see another $5 downside before the RSI breaks 30. However, that could be here by the end of the week, so stay sharp and on your toes.