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Message: Venture exchange and GDXJ

Impressive move today in the juniors, despite a lacklustre day in gold and the gold big caps. A very positive development for junior resource stocks and the market in general. My theory is that as long as the Venture exchange is healthy, the overall market is too.

I'm in the process of buying back some of the Venture stocks I sold in May. I'm being a little more selective than last year. Unless the PM bubble has started (I think it's at least a year or 2 away), the current (second) run should be more selective. Just going for stocks that show signs of accumulation. We may get a pullback at any time, but I think that would be a good buying opportunity. As always, JMO.


Sep 03, 2010 01:29PM
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