Loading ...GDXJ vs Gold
I was reading all the speculation of an imminent selloff in gold and it got me looking at the charts of course. I think we can all agree that junior miners should lead in the resumption of a bull PM market. Well that is exactly what is occurring….the GDXJ is skyrocketing up even when the price of gold remains flat or even drops. I can easily see gold correcting to $1,180 from current levels but I’m not invested in gold….I have a basket of positions in miners…mostly juniors. I think a pullback in gold will result in miner consolidation and not a major selloff. We will see.
I am with you and that’s how I am playing it, however let me challenge your comment that the juniors “should” lead the resumption of a bull PM trend. I would like to know the reason that you say “should”. I recall that at the beginning of the last bull in 2001 the juniors came on later. Here its a mixed bag actually when one looks at stocks like KGC AUY etc.
I have my own opinions as to why juniors are as strong as they are here, would like to know yours
You first Plunger
Mark may not be back for a while