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Message: A Few Positive Fundamental Developments for Miners
A Few Positive Fundamental Developments for Miners http://www.safehaven.com/article/36674/a-few-positive-fundamental-developments-for-gold-miners The miners have made progress in recent months but the bear market won't be over until GDX can clear its 400-day moving average. The good news is the miners formed a bullish double bottom after reaching arguably their second most oversold point (from a long-term sense) in the last 70 years. That was followed by the positive developments discussed above and word that the likes of Jeff Gundlach and Jim Rogers became investors in the sector. A new bull market lies ahead sooner rather than later but investors and traders need to maintain their discipline and patience.
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