Nevada Exploration Inc. (NVDEF)

[centsability4me]

Re: Gold & Gold Stocks

https://thedailygold.com/weaker-us-could-send-gold-gold-stocks-to-higher-targets/#

Weaker US$ Could Send Gold & Gold Stocks to Higher Targets

02/02/2017 | Jordan Roy-Byrne

"Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration’s tough talk against Germany (and the Euro). Couple that with no movement from the Fed and the greenback should continue its decline, thereby juicing the current rebound in Gold and especially gold stocks".

"The miners continue to lead as they are on the cusp of higher highs in this recovery while Gold is further away from breaking its resistance at $1220. As we noted in our last missive, a pullback from resistance (the upside targets) is likely. The question though is will the pullback be something bullish or will it evolve into a multi-month correction? We have accumulated a number of juniors gradually but are maintaining some cash in advance of the next correction".