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Message: Flat...

Flat...

posted on Feb 02, 2010 03:34PM

Juniors are a little flat today...I think the markets will need confirmation that the correction has reversed course before the money starts flowing back into the Juniors...

Mickey Fulp has an interview on Kitco where he is suggesting that a move above 1120 is a bullish indicator, and that the next leg up could be underway. With the US deficits, and a 38 day correction seemingly ended, maybe we will see some appreciation in both Gold and SGR in the short term...onward and upward.

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