Tuesday, September 14, 2010

Juniors Lead in the breakout with Gold Price

GDXJ is breaking out @ $33.5, leading the GDX which is leading the HUI.

Do you see a pattern?

1.  First the metal price moves up.

2.  Juniors move next, leveraging the metal price, proxy GDXJ with 60 companies.

3.  Mid sized companies in GDX with 30 odd companies will follow later.

4.  HUI with 15 largest moves last...still not yet broken out.

See my previous Juniors Lead Article!
Marco G.


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