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Is This The Start of a New Bull Market for This Forgotten Sector?

Is This The Start of a New Bull Market for This Forgotten Sector?

For years folks have said, you have better chance of seeing a unicorn, than this sector move into a bull market. Wait! Is that a unicorn!

On Oct 8th 2014 many gold and silver stocks posted a wide ranging spread day off a low support zone with solid (and in some cases extreme) volume. The high volume off a bottom can be considered demand, but be careful that there is also supply around, a minor test may be required to prove that today action is true demand.

A good start.

Review: GDXJ, SIL, GDX, GCC, SLW, HL, RGLD

Gold Price Percentage Change

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street, even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages." ~ Jesse Livermore

"Money couldn't buy friends, but you got a better class of enemy." ~ Spike Milligan

 

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