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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

4:00 PM EST

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From: Rarebird	7/11/2016 4:08:17 PM
	of 116842

Today's action looks extremely bullish. The POG was down over $12, but successfully tested the $1350 level. The Gold Mining ETFs are up across the board, led by the Explorers (GLDX) which are up over 3%. The Junior Gold Miners are up over .6% whole GDX is up .25%. When the juniors and explorers outperform their older siblings, it's a very bullish sign. People ask me why and the best answer I can give them is that investing in Gold Mining Stocks is a speculative play on the POG. Moreover, this happened on a day that the stock market finally hit a new high after 14 months and the USD was strong again. There was every reason here for the Gold Miners to fall hard, yet they firmed.

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