Junior gold stocks are leading the turnaround

Junior gold stocks are leading the turnaround

Last week the Sentiment Oscillator reached the equilibrium point where stocks in uptrend match those in downtrend for the first time in many, many months. You can attribute this to the gold price and the appetite it is stimulating for many gold juniors.

All last year people were asking when the market will start to recover but there was no obvious timing on offer. However, the last two weeks have been very significant. We have passed the tipping point. Open your eyes and you will see it is happening now on the back of the gold price with many smaller gold companies already starting uptrends.

The enthusiasm at the RIU Explorers Conference last week was strong evidence that the market has turned. We have added a few more gold stories to the charting coverage which will give a once-off boost to the Sentiment Oscillator, bringing it more in line with what we are seeing happening in the market.