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Market Vectors Junior Gold Miners ETF Message Board

  • easygoin_al easygoin_al Feb 25, 2014 7:50 PM Flag

    GDXJ.....Is at the point of a break out

    GDXJ Signals Imminent Breakout Into Major PM Sector Uptrend...

    Monday February 24, 2014 08:50



    A lot of investors are going to miss out on the huge bullmarket advance in the Precious Metals sector that is just starting as this is written, because they are frightened of the impact of the broad market on the sector, but as we will see, the sector itself is signaling that it is going up, big time.

    If the broad market looks set to go up, then many investors think that the Precious Metals sector will be ignored and drift lower again, as the broad market continues to rise. If the broad market tanks, then they think that the PM will get dragged down with as in 2008.

    Actually, the way that it is looking now is that the broad market will continue higher and higher and the PM sector will soar. Why would that happen? – because we are on the road to hyperinflation, that’s why. It is becoming increasingly apparent that either the Fed will chicken out of significant tapering, or that even if they do backpedal it will be too late, as the huge overload of extra money that has been injected into the system since 2008 wreaks havoc.

    Fortunately, as far as investing in the PM sector is concerned, we don’t have to bother to extrapolate fundamental scenarios, we just have to follow the message of the market itself, via Technical Analysis as applied to recent action in the PM sector.

    It is no coincidence that the Market Vectors Junior Gold Miners ETF, GDXJ, is right on the point of breaking out from its downtrend in force from 2011 at the same time as many PM stocks are right at the starting line of major uptrends, being at key resistance at the top of base patterns that have formed since last June or on the point of breaking out of long-term downtrend, or both.

    Sentiment: Strong Buy

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GDXJ
44.2589+1.6589(+3.89%)12:43 PMEDT