From Frank Holmes of U.S. Global Investors:
As the saying goes, "every dog has its day" and global markets appear to have followed this historical trend lately as last year's dogs became the darlings of January. Notably, small-caps, copper, and junior resources stocks have climbed recently, indicating that momentum has shifted.
Take a look at the small-cap Russell 2000 Index, which was decimated in July, days before the 50-day moving average fell below the 200-day moving average. I discussed how traders buy or sell off of these short-term and long-term moving averages when I wrote about the "golden cross" a few weeks ago.
This year is off to such a great start that if...
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