Is It (Finally) Time To Buy Junior Gold Miners?

Published 04/05/2015, 12:21 AM
Updated 07/09/2023, 06:31 AM
GDXJ
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Today's chart of the day focuses on the precious metals sector. The Market Vectors Junior Gold Miners ETF (ARCA:GDXJ) is down a staggering 88.5% from its all-time high in late 2010. After a catastrophic bear market of almost 4 and half years, there is undisputed value in this sector.

But, the question is: when is the right time to buy? Two charts in one, show that maybe the time could be right now! *wink*

Chart Of The Day: Both charts show prices at major resistance level...

GDXJ Daily

Chart Of The Day: ...which could be broken in coming days or weeks!

GDXJ Weekly

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