The rout in junior resource stocks just took another serious leg down...
We were watching the TSX Venture Exchange index – the benchmark for small exploration and mining stocks. We identified two bearish milestones.
We blew through the first one in late March. We just crashed through the second on Monday.
Now things are going to get really dangerous for investors...
The Venture is down 46% from its March 2011 high. It has dropped below its 120-day moving average (DMA), a standard trend measurement. And as of Monday, it's below its October 2011 low, a major breakdown...
With prices down so far, you might think it's time to bargain shop. But it's likely things will get worse before they get better... (more)
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