ZJG , BMO junior gold companies ETF

ZJG june 2012ZJG s 2012

ZJG is the Bank of Montreal junior miners ETF. It has the charm of some degree of diversification so instead of trying to figure out if PAA, FVI, IMG etc etc are the right one for you , you get the group. You do get a slightly different perspective. On this chart it looks like the rebound is taking the form of an a-b-c where the c is about to equal the a at around $16. The really critical point, however is at $17 as that is where overlap would occur. If that happens the bull looks a lot better. Wait till it does and sell in advance. You can always re-enter.