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Tuesday, June 3, 2014

Um, wait... did the junior miner complex just bottom?

Four charts for your consideration:


Not like you can really see it at this scale, but DPM has turned up strongly, and it's a stock that's always been moved by bots and order manipulation.



Also not really perceptible at this scale, but why would LYD have turned above its EMA if gold is still going down?



TMM has really frickin' taken off. Why? Is gold expected to go up now?



Argonaut still seems to be on a strong move toward worthlessness, however.

Ignoring the weakness in AR, the upmoves in the junior world do seem a bit fishy to me right now. Unless perhaps it's from smart people realizing the breakdown in gold was entirely due to an opex smackdown.


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