Friday, I sensed a bearish engulfing pattern coming in some of the larger silver stocks. Sold some Pan Am at $18, Silver Wheaton at $6.32, and Mag Silver at $5.75.

Bought more shares of all of them back at much cheaper prices today, though did not get as close to the bottom as I would like. Kimber and Silver Standard I do not trade. Sometimes I put my profits into Kimber as a reward, sometimes I roll them into more shares of the elite silver stocks.

I don't think we're looking at a trend reversal. These selloffs are becoming really, really predictable.