clivemaund.com / By Clive Maund / June 16th, 2014
Most investors or would-be investors in Precious Metals stocks are so soured by the seemingly interminable bearmarket in the sector, that has gone on for 3 years now and been made even worse by its having unfolded against the background of a rising stock market, that they won’t see the major opportunity now being presented, even when it’s as plain as the nose on your face, which it is. This is a bit sad really, because huge profits look set to be reaped by those buying the sector now.
The charts below make it crystal clear that we are on the verge of a major bullmarket advance across the PM sector. While these charts are for the Market Vectors Junior Gold Miners ETF, GDXJ – what happens to this has major implications for the whole sector, for the simple reason that this is not going up without the entire sector going up too.