We need to see more of a follow through on gold today
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interesting cfs,just as I read your post there are 75 in the green and only 4 in the red from the kitco list.
Not that it matters I just see them both going up together.
bb, I agree with you. I was wrong.
London closing statement today said Palladium just hit a 13 year high.
nice 5 year chart………..
In the US, GLDX, the gold explorers ETF even gapped up this morning.
It appears that the most movement in gold stocks is coming from the speculative end!
I personally think that this portion of the sector will be the leader.
Here are the ones that I have purchased in the last year or so: NuGold is up 30%; Orex is flat from my latest purchase at $0.25; Adamera is up 50% (admittedly $0.06 to $0.09); and, Canasil is down 20%.
The tech stock that Cory and I purchased (Snip) is up 80% going from $0.10 to $0.18.
By the way, as I announced recently, I will be purchasing a bit of Idaho North Resources tomorrow. (NOT INVESTMENT ADVICE)
The tiny speculative juniors have been the leaders of the sector for a very long time. Some bottomed BEFORE gold plunged in April 2013. Daily, weekly, or monthly, the etf with the best chart in the sector is GLDX.
This leadership bodes very well for the whole sector and hasn’t been seen to this degree in more than 10 years.
It looks to early in the summer for gold to rally with declining demand. It usually starts up in July with a up to sideways move and then a sharp rally in August & Sept and then down into the end of the year. I was up again today with tech even with the negative market and sharply higher the last few days.
It’s moving up…..e.g. SLW just about to move above its MA(50)
Silver stocks are moving before gold stocks…..that’s typical.