Mining stocks have completed week 1 of a new intermediate degree cycle. They are now expected to rally for 14-18 weeks. This video discusses the price projections for GDX, GDXJ and JNUG for the upcoming advance.
#Miners are still a falling knife, I would be cautious about getting too excited, especially as more people are talking about backing up the truck here. Hedges and/or stop losses should not be dismissed just because of the appearance of a possible low.
#Miners are still a falling knife, I would be cautious about getting too excited, especially as more people are talking about backing up the truck here. Hedges and/or stop losses should not be dismissed just because of the appearance of a possible low.