Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Re: I like what I see...
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Jul 05, 2011 03:37PM
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Jul 05, 2011 03:40PM

I am adding tomorrow. Technically, this looks like a great time to buy. I personally think the junior mining sector as a whole is oversold now and rather than buying physical silver or gold which I often do, junior mining stocks currently have my preference. There is a simple way to compare physical metals to junior miners - it's not fool proof but it gives an indication at least.

If you visit stockcharts.com type in the symbol GLD:GDXJ for the comparison between gold and the junior mining ETF or SLV:GDXJ for a comparison between silver and the junior mining ETF. The comparison with silver already shows a bearish cross meaning that junior miners are preferred now. The comparison with gold shows a topping pattern, which also shows that junior miners should now be favoured.

I am especially positive (technically that is) about GNH and TWD, but also CMM, AUN and VIT, just to name a couple. I think the second half of the year is going to be extremely good for the sector, a bit like what happened after the 2008 lows.

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