January 22 (King World News) – "On January 7, we highlighted the Junior Gold Miners (GDXJ) and how optimism on the group was just emerging out of severe pessimism.
Each of the other times it had done so in the past several years, the fund rolled over to new lows within a couple of weeks, but to watch for an exception this time. It has so far bucked that pattern, with optimism increasing to 61 and no adverse price reaction as yet. This is a longer-term positive and a change from what had been an ingrained pattern (see chart above)."
King World News note: We will see pullbacks in gold, silver, and the mining shares, but what the above illustration and work from SentimenTrader suggests is that the big money will now be accumulating on those pullbacks because the longer-term trend has turned bullish after a 3+ year corrective period.
PGS Coins:
Valcambi Silver CombiBar™ (With Assay) 100 x 1 gram Silver Bar .999
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