Thursday, February 19, 2015

We Are Very Close To A Buy Signal In Precious Metals Sector

In June last year I published an article on an easy play in Precious Metals Market. Here is the link.

Today, despite falling PM share prices we are very close to another LONG trade. Please, look at the chart below:

In the upper section you will find the chart showing the relative strength of Junior sector of PM market (GDXJ) against the big gold producers (GDX). Every time Juniors start showing strength against Big gold the rally in the whole sector begins.
Keep a close eye on the behaviour of PM shares in the coming days.

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