Yearly Archives: 2015

Gold Makes Reverse H&S Breakout, Junior Gold Miners (GDXJ) Bouncing Off Support at 20 DMA

Gold Makes Reverse H&S Breakout, Junior Gold Miners (GDXJ) Bouncing Off Support at 20 DMA
The Junior Gold Miners (GDXJ) ETF is bouncing off support at the 20 day moving average showing some bullish support and accumulation. Gold is holding the $1300 area showing a major January bounce which may forecast a powerful 2015. As the old saying on the market teaches, "As January goes, so goes the year." I highlighted an interesting cash flow opportunity in the junior mining sector with an interesting property and a mill in the heart of the Sierra Madre Gold/Silver Trend in Mexico. They just announced a 10k ton per day processing agreement.
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Fiat Currencies Are Crashing, Precious Metals Are Breaking Out

Fiat Currencies Are Crashing, Precious Metals Are Breaking Out
In late 2014, I expected gold to bottom and that there would be a massive January effect that would lift gold, silver and the junior miners in 2015. Currently, gold is breaking above the critical 200 day moving average and the critical $1300 psychological barrier on a breathtaking move of almost $200 an ounce in less than two months. The period of lower highs appears to have ended. However, it is reaching a short term overbought condition, so a correction or consolidation is warranted and quite healthy. Investors should expect a stabilization and look for a pullback to add to positions. The long term downtrend appears to have ended so the 50 and 200 day moving averages should act as magnets of support not resistance.
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Junior Gold Miners Breaking Out into New 3 Month High

Junior Gold Miners Breaking Out into New 3 Month High
The junior gold miners appear to be bottoming and outperforming in January as I expected. Watch $29.50 to be cleared for a new three month high. This could end the lower high pattern or downtrend. Already for weeks I highlighted the positive momentum in the junior gold miners despite the new low in December. This divergence usually signals an interim bottom and turning point.
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GDXJ Breaks 50 Day Moving Average For First Time in Four Months

GDXJ Breaks 50 Day Moving Average For First Time in Four Months
Investors should specifically watch out for breaks of critical moving averages such as the fifty day moving average (50 DMA). A break above the line indicates a potential change in trend. The junior gold miners (GDXJ) have broken above the 50 DMA for the first time in four months. This means the probability of a change of trend has increased. Confirmation of a major bottom would be a break of November highs at $30.
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Uranium Miners M&A: Top Uranium Pick Acquired For $150 Million

Uranium Miners M&A: Top Uranium Pick Acquired For $150 Million
For over 4 years I have been telling my subscribers that Uranerz is one of the best takeout targets in the whole junior uranium industry. I always considered Uranerz a top takeout target in the junior uranium mining sector. Earlier this morning, Uranerz (URZ) reached a deal that it would be acquired in a friendly all share deal by Energy Fuels (UUUU).  Uranerz shareholders should receive .255 common shares of Energy Fuels.
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