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« Christmas Greetings | Main | Why ECB QE Will Drive European Stocks To New Highs »
Thursday
Dec112014

Opportunity In Beaten Down Junior Gold And Silver Miners During Tax Loss Selling Season?

Summary

  • Gold may be breaking 5 month downtrend versus US Dollar.
  • Black swan may be due to increasing tensions between the West and East.
  • History shows that these policies lead to economic crashes which the metals and oil may be forecasting.
  • We are in tax loss selling season and the time to buy discounted junior resource stocks may be over the next 3 weeks.
  • January Effect could be powerful in the oversold junior gold and silver miners.

In a recent article I wrote, "Gold (NYSEARCA:GLD) and silver (NYSEARCA:SLV) 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 recently.

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In our opinion GDXJ needs to make a higher high before we would take an interest.

 

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? 

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