Saturday, June 21, 2014

Miner Update (Pun intended)

My continued belief is that a sustainable new bull market in the miners without the crazy swings won't come until gold is steadily over 1400. With that in mind; lets have a look at the charts after a stellar few weeks in June.

Reminder from May 4th.

Reminder from March 3rd


The long view:





Looking to add; the gap up on Thursday adds an intriguing area to watch. Could be a breakaway gap; in the event this gap isn't filled early next week; ideally by end of day Monday. Then i'll be looking to add. I'm leaning more towards a breakaway gap just because of the larger picture positioning. But the market is always in the mood to mind **** you. So pay attention.


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