Given that some PRO traders rely on the itty-bitty micro cap juniors to guide their PM plays, I figure why not post a report of their performance for the week, for the convenience of all.
Week ending July 11, 2014
SILJ + 4.5%
AXU + 10.5 %
RIC - 7%
GPL + 25% (Spanking shorty hard!!!)
GDXJ + 7.5%
Sorry PUMPER but percentage gains in penny junk stocks are ALWAYS exaggerated, given that most trade below 2.00 a share--so smarter pro traders always examine the REAL gain measured against the ALL time highs---and in that respect, the less than rotten silvers and golds are experiencing effectively NO REAL GAINS of any kind, repeat NONE!
That means the gold/silver JUNIORS continue to SCREAM that ALL gains in the SENIORS are 100% BOGUS, designed to SUCKER even more purchase of WORTHLESS gold/silver CALL options!!