Gold Miners: Celebration Time

From sunshineprofits.com

Another day, another decline in junior miners – and another increase in profits from short positions in them. Shouldn’t we expect a rebound though? Well, no. The rebound already happened in late July and early August, and what we see now is the trend being resumed. Consequently, even if it wasn’t for all the long-term analogies to the 2012-2013 declines in gold and gold stocks (HUI Index), one should expect the current short-term decline to be significantly bigger than the counter-trend upswing which ended earlier this month. At this time, the move lower is just somewhat bigger than the preceding rally. Thus, ... (full story)