If you didn't know it yet, Michael Pento went long gold mining stocks last month and I can know why. I only need one chart.
If we just look at the junior miners GDXJ, we can see that trading volume has grown into an exponential rise. See red circle below.
Such rising volume on a rising price level in GDXJ says to me there are conviction buyers in this sector and it marks a true bottom.
If we just look at the junior miners GDXJ, we can see that trading volume has grown into an exponential rise. See red circle below.
Such rising volume on a rising price level in GDXJ says to me there are conviction buyers in this sector and it marks a true bottom.
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