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Gold, Gold Miners, Chickens And Eggs

|Includes:VanEck Vectors Junior Gold Miners ETF (GDXJ), GLD, SLV

For the first time since August of 2012, the Market Vectors Junior Gold Miners index has flashed a Buy Signal. Is this finally the turn around for junior gold miners? The last major bull market in this sector saw GDXJ more than double between early 2010 and early 2011. But during that same period, GLD was running on its own Buy Signal. When these two agree, fireworks in the sector. The only question is whether GDXJ is the chicken or the egg?

(click to enlarge)

Stocks: GDXJ, GLD, SLV