How Will A Potential Broad Market Decline Impact Mining Stocks?

A question was asked in MMA about a potential broad market equity decline also dragging on Mining Stocks.

I am reposting my reply for the benefit of all.

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Elliott Waves show us Fractal patterns of human mass #Sentiment.

Fractal means that the same wave shapes repeat at different degrees.

I think there are periods of time when Miners have been "in-phase" some when they are "out-of-phase" and some when they are "completely out-of-phase".

In the latter the talking heads will talk about the miners and metals being a "safety trade"... we do know that people taking their funds out of one thing will often look to put it into something else.

Could that be bonds? Could that be Metals/Miners? Could it be both lunch meat & peaches? Only Gartman & Jim Cramer know for sure.

I will continue to evaluate each chart on its own. We will post solid Risk:Reward wave setups and adjust support, resistance, and invalidation levels on the many existing ones.