It’s tempting to say that miners areshowing strength compared to gold based on the GDX’s performance, but othermining proxies say otherwise.
Just because a house is standing doesn'tmean its foundations are solid, and that's exactly the case with the miners.
There’s one extra thing that I would liketo point out about mining stocks’ technical picture today (Apr. 8), and that’stheir performance relative to gold.
All in all, the implications of mining stocks’relative performance to gold and the general stock market are currentlybearish.
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Przemyslaw Radomski, CFA
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All essays, research and information found aboverepresent analyses and opinions of Przemyslaw Radomski, CFA and SunshineProfits' associates only. As such, it may prove wrong and be a subject tochange without notice. Opinions and analyses were based on data available toauthors of respective essays at the time of writing. Although the informationprovided above is based on careful research and sources that are believed to beaccurate, Przemyslaw Radomski, CFA and his associates do not guarantee theaccuracy or thoroughness of the data or information reported. The opinionspublished above are neither an offer nor a recommendation to purchase or sell anysecurities. Mr. Radomski is not a Registered Securities Advisor. By readingPrzemyslaw Radomski's, CFA reports you fully agree that he will not be heldresponsible or liable for any decisions you make regarding any informationprovided in these reports. Investing, trading and speculation in any financialmarkets may involve high risk of loss. Przemyslaw Radomski, CFA, SunshineProfits' employees and affiliates as well as members of their families may havea short or long position in any securities, including those mentioned in any ofthe reports or essays, and may make additional purchases and/or sales of thosesecurities without notice.
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