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Monday, July 22, 2013
A Crossover to “Value”
After going on sale for a third and final time at the end of June, the precious metals miners appear to be making a major crossover today, both the literal and figurative sort – to value. After languishing for the better part of two years in the performance basement, the previously described “value traps” (see Here) have opened above their 50 day SMA – a major accomplishment considering the last time was at the end of last October.
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All things considered (see Here) – we continue to like the sector going forward.
