Bear Market for Juniors at 22 Months, Reversal Near?

HOUSTON – The ongoing bear market for the smaller, less liquid and more speculative issuers in the mining and exploration biz – like the ones represented by the Canadian Venture Exchange Index or CDNX below – has now reached 22-months in duration. That’s a very long time for a bear market, folks.

The esteemed MACD has been signaling a positive divergence for quite some time, suggesting this is a market looking for a trigger to reverse course.

The current tax loss shopping season is, of course, a headwind, but that downward pressure will end very soon.

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