Junior Miner Junky Weekly Kitco Op-Ed
Back up the truck at the Bottomz Inn!
http://www.kitco.com/commentaries/2018-04-13/Gold-Stocks-Have-Been-Quietly-Bottoming.html
Back up the truck at the Bottomz Inn!
http://www.kitco.com/commentaries/2018-04-13/Gold-Stocks-Have-Been-Quietly-Bottoming.html
Very Nice Piece Olyeller.
Thumbs Up
Fully,
David Erfle’s piece had a very interesting definition of ‘market exhaustion’, which deserves highlighting:
“Rather than a spike low, which would imply a lot of heavy selling pressure, the action in the GDX of late shows a potential bottom materializing out of boredom and neglect. Sometimes, in a market that is quietly drifting lower with little volume, money just leaves and seeks out other areas with the perception of higher returns. When enough money has exited the sector, there is not enough selling power left to drive down prices much further and the market creates an exhaustion bottom.”
Just saying…