On the heels of the recent capitulation in the metals markets, it appears that the gold sector is now set to rally strongly over the next two weeks.
Mining Stocks Set To Rally?
April 2 (King World News) – Jason Goepfert at SentimenTrader: Over the past week, sentiment on gold and gold miners has really soured…
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Jason Goepfert continues: The 5-day average of the Optimism Index for the GDXJ fund (junior gold miners) is down to 31 (see chart below).
Excessive Pessimism (Seen Below) On Mining Stocks Leads To Strong Rallies Over Next Two Weeks
According to the Backtest Engine, during the past three years of a bear market environment, when it was this low, GDXJ rallied over the next two weeks 81% of the time, averaging +5.4%.
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***KWN has now released the powerful audio interview with Andrew Maguire and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: Trey Reik Asks WTF Is Going On At The COMEX? CLICK HERE TO READ.
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