Gold and silver junior explorers set for a major bounce this week « Peter J. Cooper’s Weblog

Jim Sinclair, the doyenne of gold analysts, was first to spot how the change in sentiment against shorting stocks also might be the turning point for juniors, quite apart from the sensational change in direction for gold itself. As it now emerges the summer fall in gold was a perfect 38.3 per cent Fibonacci retracement from the March high, and prices have now bounced off this level.