Precious metals and the junior miners are pulling back in US dollar terms after making a powerful run higher since November. Look for the 200 day moving average to provide support for gold at $1255.
Last week, I highlighted a junior gold miner in Nevada and believed that a breakout would occur from the ten month downtrend. I believed that late 2014 presented an excellent opportunity near all time lows. Recently, the stock has broken out above the downtrend and 200 day moving average on a major deal with Newmont in which they acquired 1,600 acres of mining claims in mining friendly Nevada.
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Junior Gold Miner In Nevada Breaks Above Downtrend After Recent Land Deal with Newmont
