Posts by Bob Kirtley - Gold-Prices.biz:

Market Vectors Junior Gold Miners ETF: How junior?

A number of our readers are fans of the junior section of the precious metals mining sector with the Market Vectors Junior Gold Miners ETF (GDXJ) forming part of their investment strategy. The mantra of juniors, juniors, is also alive and well in cyberspace, so we thought that it might be prudent to touch base with this ETF.

Despite recent events gold prices remain a dollar play

The dash from $1425/oz to $1563/oz came to a halt today on news that is perceived to be good for the USD. The technical indicators are firmly in the overbought zone so a breather was on the cards. Note that the RSI had peaked well above the ‘70′ level and has now come back slightly, to sit at 73.50, still oversold, so this correction may continue for a few more days.

Gold, silver and unhedged producers

The run up in gold prices attracted investors to the gold and silver mining sector and for those investors looking for significant exposure, producers who do not forward sell their production provide the vehicle to take advantage of the improvement in gold prices.