3 Junior Miners Attracting Interest as Gold and Silver Finds Support at 200 Day Moving Average

Due to Hurricane Matthew and the Jewish New Year I was unable to post updates on the current gold market. However, it is important to note some important developments in our sector. It appears that there was distribution in the precious metals this week during light holiday trading with Hurricane Matthew affecting the Southeastern US where there are a lot of precious metal investors which exacerbated losses taking gold, silver and the junior miners to oversold levels like we have not seen since late 2015. I expect to see a basing around the 200 Day Moving Average which gold and silver have been hitting. This could be great news as that may signal a major secondary buy point for what I believe could be the next major bull market in precious metals fueled by a weak slowing economy combined with soaring government debts and negative interest rates.
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