Monday, July 22, 2013

A Crossover to "Value"

After going on sale for a third and final time at the end of June, the precious metals miners appear to be making a major crossover today, both the literal and figurative sort - to value. After languishing for the better part of two years in the performance basement, the previously described "value traps" (see Here) have opened above their 50 day SMA - a major accomplishment considering the last time was at the end of last October.  
Click to enlarge image
All things considered (see Here) - we continue to like the sector going forward.