By Jordan Roy-Byrne
Minyanville
There is no need to beat around the bush. Junior mining stocks have bottomed. The bear market is over. Sure, we could be wrong. We’ve been wrong before and will be again. However, the evidence is too compelling and is growing by the day.
The TSX Venture (CDNX) is the market for juniors in Canada. The market consists of exploration companies focused on precious metals and other minerals, energy companies, and some technology companies. It’s not a perfect indicator for the junior mining industry, but it’s good enough for the experts. On Thursday, the CDNX closed at a nine-month high. No, that is not a misprint. The junior market reached a nine-month high. It bottomed in late June 2013, made a higher low in December and has surged 10% since.