Meanwhile GDX and GDXJ gold ETF's continue to make higher lows even though physical bullion has been trading lower. This is historically very bullish when the gold mining shares are outperforming the commodity. Same with market tops, in 2011 despite gold making new highs gold mining shares were actually diverging a very bearish signal. I'm confident gold miners in particular BDR are in a bottoming process at the moment and are good value.
BDR Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
