That's right - if you look at the technical indicators for most senior/mid-tier golds, they are about to become a mo-mo trade. 21 day moving average crossing 50 days in many cases, with recent buys in volume at a time when there is NO volume. I am not a momentum guy, more of a value guy, which is why I'm more or less done buying the senior/mid-tier gold stocks as I am overweight that sector. Relative value is in oil and junior shares, and they will catch on in time.

That being said, I think the momentum trade is very, very close to happening for senior/mid-tier.