From Gold Investment Letter:
The closing lows on GDXJ/GDX and the miners on November 23rd might be it for this correction. If those closing lows are breached ($33.75 on GDXJ), then we may have further downside. So far they have held and I'm sensing a strong rebound any day, with plenty of data and technical action to back it up. Minimally, we could see a 15% move up across the board going into year end. But I also think this might be it for the correction in the gold stocks. Gold itself could still go lower and the miners already bottomed due to how far they were bombed out into January of this year.
There is now lots of concern around the gold bull market but they don't end in 8-9 months on a cyclical basis. Plus, we are still in a secular bull market that began in very late 2000/early 2001 and those only end in one way.....frenzy. 2011 highs didn't do it because the public wasn't in virtually at all and that is not the case at tops. Now is a good time to be buying gold and silver mining stocks. If you have/bought our top ten gold juniors and top 5 silver juniors, those are good names to focus on. NUGT is likely a good buy also but needs to be respected as a very short term vehicle.
I like Bravada Gold (BVA/BGAVF) here in the low .20's, which is 50% off its summer highs and the reversal in the sector could see a big run % wise back into the .30's. Southern Silver (SSV/SSVFF) is my top silver junior holding and I am looking for $1-2 per share in 2017-2018 which is multi bagger upside from the low-mid .30's. We have webinar interviews with these companies and reports on our blog for those of you that want more of the story. I will also be releasing a new pick this week that I feel will be a "whale" in the gold junior space. Stay tuned because this one WILL be an enormous winner for everyone....
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.
