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przemyslaw-radomski

Gold & Silver Trading Alert #2

May 14, 2015, 10:28 AM Przemysław Radomski , CFA

Due to the increased discrepancy between the performance of juniors and seniors and the current position of the HUI Index, we are changing the stop-loss levels for the junior mining stocks to the following ones:

GDXJ: initial target price: $21.17; stop-loss: $28.68
JDST: initial target price: $14.35; stop-loss: $5.65

The HUI Index moved to it’s declining very long-term resistance level (at about 187). This is the level that is quite likely to stop this rally (either on a literal basis or the one that will not allow for a close at visibly higher levels).

We’ll keep you updated.

Thank you.

Sincerely,
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

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