Strength continues to build
in the junior mining sector
Clif Droke
JMSR snippet
February 22, 2005
Below is
an extract from Clif Droke's latest Junior Mining Stock Report
Junior mining stocks
as a group are looking better now than they have in months, as
many have been bottoming and have confirmed those bottoms in
recent weeks. A growing number of juniors are even above their
dominant short-term 30/60/90-day moving averages (or at least
the 30-day MA). This reflects developing technical strength in
the sector as it has been beaten down and suffered well beyond
the level that most of the mid-tier and senior golds did since
peaking last fall.
We are gradually heading into the historically bullish spring
season. As discussed in this newsletter and the Junior Mining
Stock Almanac, March/April can sometimes be bullish for the junior
mining sector as accumulation of shares by campaign traders and
market makers is done during the downtime of the winter season.
There are of course other seasonal, mining-related reasons for
this "spring into Spring" phenomenon. Suffice it to
say that the signs are there pointing to a general rise as we
head into March.
Aside from having near-term upside potential, I see the junior
mines gradually regaining health as the year progresses and I
wouldn't be surprised if we get a rather lively late-year rally
to cap off what should be a profitable year for the juniors.
There are an increasing number of turnaround opportunities in
the short-to-intermediate-term among the sector and even a few
momentum stocks. The going will be slow and choppy at times in
the months ahead, but for many shares the worst appears to be
over with better times ahead.
Lots more follows for subscribers,
you can subscribe to the Junior Mining Stock Report here.
--Clif Droke
website: http://www.clifdroke.com/
email: clif@clifdroke.com
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Clif Droke
is the editor of several other subscription services including:
1) The Momentum
Strategies Report,
a combined forecast and analysis of U.S. stocks and indices and
international precious metals stocks. Sent via e-mail Mon, Wed
and Friday, also published online. $144/yr.
2) The Gold
Strategies Review,
a monthly forecast & analysis of gold and silver futures
and precious metals stocks. Published online. $200/yr.
3) The Durban
Roodepoort Deep & XAU/HUI Report (a.k.a. The DROOY Report)
for traders, published online every trading day by 7pm. Aimed
at serious day and short-term traders of Durban Deep and followers
of the XAU & HUI index. DROOY Subscribers are billed monthly
$50/month.
Clif Droke
is also the author of numerous
books
on finance and investing.
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321gold Inc
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