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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (7119)6/13/2014 5:26:05 PM
From: Goose94 of 203517
 
Its time to wake up from your summer doldrums. The technical signals are turning positive for precious metals and the junior gold and silver miners. The record shorts such as hedge funds and high speed traders who have been manipulating the paper market may soon run scared as major accumulation has entered the sector this month.



Gold and silver have held the lows and major volume and big money is coming into the sector. The record short position may already be running from cover. The Junior Gold Miner ETF(GDXJ) is already up 15% this month.

With geopolitical tensions increasing in the Middle East and Eastern Europe get ready for a big breakout at $1400 on gold. The move in the junior miners and silver could be huge and provide great leverage.

Also watch the oil price making a big jump as all of Iraq’s oil is at jeopardy of being lost as Al Qaeda takes over key areas. Higher energy prices could influence the inflationary forces hear in the United States creating a possible stagflation.

Remember the US, European and Japanese economies are not growing, yet equity and food prices are soaring. The stock market and US bonds are way overvalued, while gold, silver and junior miners are just beginning to breakout of a multiyear base. As accumulation continues in the precious metals look for the record short position to cover.
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