Juniors lagging badly! WHY??
Exerpt
For the Large cap mining stocks, what started out as formidable losses evolved into a healthy gain for the week. On the week, the Philly Gold and Silver Index, the XAU, ended higher by 4.64% to close at 185.54, up from 177.30 for a gain of 8.24 index points. At the same time, the equally watched HUI, Amex Gold Bugs Index ended with a gain of 25.08 index points, or 5.74% confirming the strength in the XAU. Thus, it was a good week for bullion and large cap miners. Unfortunately, smaller cap stocks normally lag behind the large caps at important turns, and that was the case this week. On the week, the FSO Junior Mining Index of 40 small cap miners, ended slightly lower with a loss of .26 points, finishing the week at a reading of 265.20, down from the previous weeks close of 265.46. On Friday, the 50 day average ended at 275.78, with the 200 day average at 288.00, leaving the index below both important moving averages.
financialsense.com
I believe markets are feeding on themselves, seniors are the first to go in a bull run, we all know that, but this bull run never really can get going , because it constantly get's pulled back, so, imo, the major gold stocks repeatedly get out of the door first, the juniors can't make it, cause the door gets slammed on them, over and over.
So for now, I stick with the big guys, and just keep a view of juniors. |
