The JSE GLDX ( Gold Miners Index) and JSE PLAT ( Platinum Miners Index ) have broken their bear downward trend and are starting their upward trend.
The JSE GLDX has broken the 13,34 and 144 day moving average.
The JSE PLAT Index has also broken the 13,34 and 144 day moving average.
These to sectors have been very depressed and has been the worst sectors in the South African stock market with miners retrenching workers.
Look at Gold production decrease in South Africa since 1980. Regarding Platinum, South Africa produces about 70% of the world’s Platinum.
I believe that investors should start buy stocks of gold and platinum miners. This is Investing Matters ideas and please invest at your own risk.
Please look at my disclaimer