With the top preforming metals stocks starting to lag is this presenting a buying opportunity?
David Erfle, Founder of The Junior Miner Junky joins me to take a look at the recent performance in metals stocks. He points out that the better performing stocks in the recent months are starting to get hit with some selling. All this while heading into another Fed meeting tomorrow. We discuss overall portfolio management at a time like this.
I am trying to buy nugt tomorow Matthew…telling chart no doubt!
Gold/GLD remains above its 50 and 200 week simple MAs and EMAs…
http://schrts.co/grZrVvYc
If you enjoy Silver discussions : https://www.youtube.com/watch?v=jHVNz2ouQK4&feature=em-uploademail
Big banks are going to drive gold market down to wash out bulls, if we get a bounce then sometime maybe this summer just when bulls get pumped they will cause the washout before any sustained rally in gold.
You can see on the following GDX chart why there is a battle going on at the current level…
http://schrts.co/mGxdRRZF