Near term producers and longer hold patterns will get the bulk of the portfolio through this, however cash is good. I think this is just a necessary pullback in a minerals bull market, many of the silver and gold producers may be overvalued at this point but when they recover they will be comming back with a vengeance.
As with all mining plays, it is the story not the share price, which is a hard concept for traders to grasp. However, right now, playing momentum on mineral plays with such little volume in the market puts the risk/reward ratio way out of wack.
Wish I was sitting on more cash, and I went to a high cash ratio about a month ago and then found some undervalued near term producers. Each position I have has a good future, although today is a red day, this is the low period of the year for miners.
Mineral hope stocks will be in full bloom in the spring.