With continued consolidation in both the gold and silver markets, money is now pouring into gold & silver mining stocks.
From Jason Goepfert at SentimenTrader: “Another flood of money goes into junior gold miners. There has been an inflow to the junior gold miner fund, GDXJ, for the past two months and it picked up this week, with nearly $200 million coming into the fund (see chart below).
ETF fund flows can be inconsistent indicators, but they have been a decent contrary guide in GDXJ. When we see a big weekly flow like this, after the flow has already been strong, it suggests exhaustive buying interest, and should be a minor negative for the fund in the short- to medium-term.
The charts and commentary above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has now released the incredible audio interview with Rick Rule, where he discusses what investors should be doing with their money and their accounts right now, the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
© 2016 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.