Are We Clost to a Long-Awaited Bull Move in Juniors?

Gold Stock Technician
"...the period of relative under performance by Small Caps versus Juniors is potentially getting very long in the tooth. We can even note that RSI is now pulling back to a flattening 200 day moving average even as the Ratio is close to making a new low. What this tells us, is that either the large caps begin to decline and small caps hold steady (that’s one option) OR Small Caps start rising, and rising at a faster rate then large caps. Either way, while we admittedly have our reservations about the stock market, and about how Gold Stocks may fair in an extended down stock market, at the moment, this is one very extended bullish divergence and is a potentially major piece of evidence we will not ignore. IT COULD MEAN THAT WE ARE CLOSE TO A SEA – CHANGE IN THE MARKET FOR GOLD STOCKS, and more specifically, IT COULD MEAN THAT WE ARE CLOSE TO THE BEGINNING OF A LONG AWAITED MEGA BULL MOVE IN JUNIORS…" (4/8/08)

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