Juniors Show Relative Strength as Precious Metals Weaken..."Despite three consecutive weeks of losses precious metals have failed to mount much of a rally. Gold closed last week above $1170 and may close this week below $1180. Meanwhile, Silver has struggled to mount any rebound and appears to have lost $16 as the week comes to a close. While the risk of a final breakdown is growing, one positive we see is the relative strength in the riskiest parts of the mining sector.........While not a buy signal, the relative strength in GDXJ and GLDX tells us a few things. It argues that the bear market is likely to end soon and that with respect to all mining stocks, GDXJ and GLDX could lead the recovery. However, in the meantime we are waiting for Gold to break below $1150 and then $1100 and we are waiting for GDXJ to retest its lows. Be patient as those developments would bring about better and safer opportunities."
http://thedailygold.com/juniors-show-relative-strength-as-precious-metals-weaken/