Dr. Bernanke's Golden Conundrum
July 17, 2012
1. The gold market feels like the Indy 500 track on race day. All the cars of the precious metals sector are revving their engines on the start line.
2. The junior gold stock sector seems to be revving its engine the loudest of all. To get a visual picture of why I hear that sound, please click here now.
3. Iíve compared GDXJ to CDNX, and you can see that a head & shoulders bottom pattern has formed, suggesting that junior gold stocks are poised to significantly outperform the general junior resource sector.
4. Both the GDXJ daily chart and the 30 minute chart have very bullish patterns in play. Please click here now. Indicators like MACD are moving higher and selling has dried up.