We are finally beginning to see the first signs that junior gold stocks are beginning to attract some buyers. Junior gold stock are presently outperforming gold bullion, but as of today, we still haven't seen junior gold stocks outperforming the senior gold producers. IMO, it's only a matter of time before we see the junior gold stock outperforming gold bullion as well as the senior gold producers.
Look at the column of green "x's". This shows demand is in control for junior gold stocks vs. gold bullion. Furthermore, @ 765 we got a double top buy signal. A print at 780 would be a significant triple top buy signal.
See my charts on the recommended juniors at stockcharts.com -- public charts -- posted by: Thomas G. Smith or refer to the email I sent you a week ago that included chart updates on my recommendations.
Canadian Juniors ($CDNX) vs. Spot Gold ($SPTGD)
The chart below shows the ratio of junior gold stocks to the HUI Gold Bugs Index of Unhedged Senior Gold Producing companies. You can clearly see that demand is in control for juniors (chart is in a column of "x's". We have yet to achieve a double top buy signal, but we are very close to that happening. A print at 580 would be a double top buy signal.