From Paradigm capital:
Sticking With Leadership Gold Names: IMG, BTO, EDV, MUX
Ø As we noted yesterday, shares of junior gold companies are leading their senior counterparts as the Junior Gold Miners ETF (GDXJ) breaks out versus the Gold Miners ETF (GDX).
Ø Today we highlight four of our favourite Canadian junior gold leaders: IAMGold, B2Gold, Endeavour Mining, and McEwen Mining.
Ø The common technical characteristics of the highlighted names include price action above the 200-day moving average, breakouts above their August downtrends, and relative uptrends versus the Equal Weight Global Gold Index (ZGD).