Are The Miners Starting a Reversal?

It looks like the gold and silver mining stocks (especially the juniors) could be reversing the downward trend they've been in for a while now. While gold has remained under $1600, the stocks have gone up a little bit, with the HUI back up to near 420 and the GDX at 43. 

Perhaps people are starting to realize just how ridiculously undervalued this sector has become. These companies are profitable with $1600, $1500, $1400, even $1200 gold.

http://finance.yahoo.com/blogs/breakout/gold-hits-2012-low-gold-miners-show-signs-132751621.html

The "V" That Jim Sinclair is Talking About

Jim Sinclair said recently in a King World News interview: "...we’ve seen some V-bottoms during daily operations, where they (manipulators) have forced gold (down) and it just snapped right back.  There is no question, it is a matter of record, that multiple central banks around the world have been large buyers of a significant amount of gold in the last two months."

"... every time the manipulators come in to reduce the price they are running into significant physical buying.... "


Why would gold drop to $1640 to $1625 in a day where the Fed re-iterates that interest rates would be kept low to 2014? That is bullish for gold. The answer is obviously, manipulation.