The Commodity industry is bracing for a high year of bankruptcy and default filings impacting mining & metals along with oil & gas. Moody’s has also warned of global speculative-grade corporate defaults will increase by more than 30% in 2016 reaching the highest level since 2009. Those interested in mining shares should pay close attention to what you are buying. Until gold crosses that key resistance, we still have only a typical 3 month reaction. A rally must extend beyond March to be impressive.