The following snippet is from a Gold Market Update written by Clive Maund concerning gold stocks, April 11, 2009, that was copied from an earlier contribution today to Agoracom.com by Scoutaz_2003.

Of even greater significance to us, however, as opportunists in junior mining stocks, is the strongly bullish chart for the Canadian CDNX index, which can fairly be regarded as the index chart for junior mining stocks, even though it does include a sprinkling of stocks in other sectors. For on the 1-year chart for this index we can see that it is very close to completing a fine bullish classic Head-and-Shoulders bottom. Once it breaks back above 1000 sentiment is expected to improve rapidly and drive a powerful rally, and it should be obvious from the foregoing discussion that such a rally will be underpinned by a new uptrend in gold and silver.