Monday, February 6, 2017

Strong, Bullish Signal For Gold Bugs

Today the higher relative strength of junior gold miners (GDXJ) over big gold miners (GDX) was confirmed:


Look at the breakout of a multiple of GDXJ / GDX above the last top recorded in September 2016. Although GDX itself is still way below the August 2016 top the gold bugs should feel quite comfortably today.

In my opinion, today's breakout is a strong, bullish indication.... 

1 comment:

  1. Agreed. Miners closed at their highs for the day.

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