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.
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