For the past week or so (at least in Canada), the blue chips have rallied quite well, and now I'm noticing volume coming back into the juniors.
With the juniors, the volume is rising, there's a bit less volatility and they're creeping up a few cents a day, whereas they were going down quite a bit on relatively low volume until very recently. Unfortunately, my Aussie juniors are a bit slower to respond (EQN, MOL, BMN).
My newbie investor interpretation is that we might be seeing the beginning of the end of the bear market. My reasoning?
1. Juniors would tail behind the blue chips in any market, bull or bear.
2. Still lots of people willing to sell the juniors, but buying is coming back into the juniors market and people are willing to pay ever so slightly higher prices, but are being cautious.
3. Buyers are recognizing that the premium juniors with proven resources are now very oversold and now have enough to step back into the market.
I'd appreciate responses from anyone who's "been there, done that" and been through a few market cycles. Is it the beginning of the end or perhaps just a temporary bear market rally?