Posted: Jul 15 2010 By: Jim Sinclair Post Edited: July 15, 2010 at 11:32 am
Filed under: Jim's Mailbox
Positive Divergence in Trend Energy in Junior Gold Miners Index
CIGA Eric
A positive divergence in trend energy in the Junior Gold Miners Index suggests quiet accumulation prior to the paper takedown. Quiet accumulation often precedes explosive jumps – better known as bandwagon rallies. Though, in the case of gold and gold stocks, I seriously doubt it will get much coverage.
Junior Gold Miners Index ETF (GDXJ):

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