Juniors Out Of The Box

Junior Gold Miners (GDXJ) 2013 performance was -61% compared to Gold Miners (GDX) -54% & Gold (IAU) -29%. So GDXJ is clearly the hated ETF plunging twice the percentage of Gold.

Today (GDXJ) completed a 1 month consolidation rectangle box by breaking over 31.25 barrier with a gap.  If this is the bottom, then initial target is $33.50. A gap fill is also possible.

Want a 3X Bullish leveraged ETF for Junior Miners? Go for (JNUG) !

gdxj

Advertisements


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s