Is Gold and the Junior Miners Ready To Move Higher
Post# of 9903
Posted On: 12/12/2014 7:42:48 AM
Re: bigmoneytrader #5555
Is Gold and the Junior Miners Ready To Move Higher in 2015?
In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking that downtrend today.
Is Gold and the Junior Miners Ready To Move Higher in 2015?
GOLDSTOCKTRADESCONTRIBUTED CONTENT, MININGDECEMBER 8 2014
304
In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking that downtrend today.
For a couple of years metals were knocked out of favor and now oil is on its knees with a major three month deflationary selloff that came out of nowhere. This black swan may be due to increasing tensions between the West and East.
Japan and Europe are turning on the printing presses to prevent deflation causing investors to flock to US dollars and the S&P500. Don’t be so quick to chase them into the overbought markets.
The Fed needs to see more inflation and a cheaper dollar before raising rates. Once investors wake up and realize The Fed can’t tighten in this environment, the dollar parabolic rise will pop. Once the dollar rally fizzles out investors should once again return to the beaten down junior gold and silver sector which is testing 2008 Credit Crisis All Time Lows.
Remember we are in tax loss selling season and the time to buy discounted junior resource stocks is over the next 3 weeks. Since we are at such a low base the January effect could be quite powerful.
Learn from market history and don’t be a fool chasing the latest fads and promos. Do not believe this time is different and that this historic decoupling between the S&P500 and the TSX Venture will last forever. Remember that everything is cyclical. Markets revert back to the historic mean. This means that now may be the time to continue building positions in selecting high quality and experienced junior mining companies trading at historic lows. Be careful of buying US large caps at extremely high premiums right now or shorting junior miners or precious metals. It may be time to start taking profits in the large caps and accumulate high quality and well financed juniors. This is not a time to panic and sell your junior miners for pennies on the dollar. You could mistakenly sell your shares right before a major discovery.
http://financialpress.com/2014/12/08/is-gold-...r-in-2015/
In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking that downtrend today.
Is Gold and the Junior Miners Ready To Move Higher in 2015?
GOLDSTOCKTRADESCONTRIBUTED CONTENT, MININGDECEMBER 8 2014
304
In a recent article I wrote, “Gold and silver could gap higher by the end of 2014 and the top notch juniors could skyrocket.” I expected a breakout at $1205. It appears gold may be breaking that downtrend today.
For a couple of years metals were knocked out of favor and now oil is on its knees with a major three month deflationary selloff that came out of nowhere. This black swan may be due to increasing tensions between the West and East.
Japan and Europe are turning on the printing presses to prevent deflation causing investors to flock to US dollars and the S&P500. Don’t be so quick to chase them into the overbought markets.
The Fed needs to see more inflation and a cheaper dollar before raising rates. Once investors wake up and realize The Fed can’t tighten in this environment, the dollar parabolic rise will pop. Once the dollar rally fizzles out investors should once again return to the beaten down junior gold and silver sector which is testing 2008 Credit Crisis All Time Lows.
Remember we are in tax loss selling season and the time to buy discounted junior resource stocks is over the next 3 weeks. Since we are at such a low base the January effect could be quite powerful.
Learn from market history and don’t be a fool chasing the latest fads and promos. Do not believe this time is different and that this historic decoupling between the S&P500 and the TSX Venture will last forever. Remember that everything is cyclical. Markets revert back to the historic mean. This means that now may be the time to continue building positions in selecting high quality and experienced junior mining companies trading at historic lows. Be careful of buying US large caps at extremely high premiums right now or shorting junior miners or precious metals. It may be time to start taking profits in the large caps and accumulate high quality and well financed juniors. This is not a time to panic and sell your junior miners for pennies on the dollar. You could mistakenly sell your shares right before a major discovery.
http://financialpress.com/2014/12/08/is-gold-...r-in-2015/
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