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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