Monday, July 4, 2016
re gold miners
I was looking at a few gold junior charts today, and have seen something interesting.
When someone comes out with a buy reco, the gold stock pops... but then it bases at that new price.
For the past few years, a reco spike would be followed by a slide back down as the existing bagholders sell into strength. Now it looks like they're willing to hold at any new price.
I guess that's what bull market behaviour looks like? I mean, it's been so long.