This is signaling a big turnaround in the gold market, plus another surprise.
Miners Anticipating Turn In Gold
March 30 (King World News) – Fred Hickey: Gold -$20, GDX up. When there are lots of hedge funds short gold (as is the case currently) often (for yrs.) seen A.M. gold futures attacks (such as today’s) near qtr. ends (for performance). Typically, lows come on last day of qtr. or 2nd to last day. Miners may be anticipating…
Billionaire Eric Sprott bought a 20% stake in a mining company
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GDX (Mining Stocks) vs COMPQ (Tech Sector)
Graddhy out of Sweden: As said, I think we have a green rounded bottom in the making for this ratio chart. This means that precious metals miners needs to go up 13x vs Nasdaq. Some of that will probably be Nasdaq dropping, after a possible general equities blow-off starting now. (See chart below).
Gold Mining Stocks To Outperform NASDAQ 13 To 1!
Uranium vs CRB (Commodities)
Graddhy out of Sweden: As posted, commodities index CRB is coming out of a 48 year (!) low, which marked the start of the commodities bull market. U.TO (Uranium) has a 13 year green rounded bottom vs CRB, means uranium will be a clear leader in the glorious commodities bull market. (See chart below).
Uranium To Radically Outperform Commodities!
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