Wednesday, September 17, 2014

Gold And Silver Near Their Supports But PM Stocks Look Good

Well, it looks quite strange. Both silver and gold are approaching their supports (silver actually standing at its suport) but the behaviour of Juniors (PM explorers) indicates that the PM market does not look as bad as it appears. Look at the charts:

The blue area indicates that PM miners and explorers are not in a bear market anymore. Either they are not in a bull market. They are just in a consolidation phase with Juniors better than Miners (a yellow area indicates a bear market with Miners better than Juniors).

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