I believe the junior gold market is poised for a great run and I believe now is the time to get back into your favorite gold plays. 

In September of 2011 I told my subscribers that the resource market was full of fear and uncertainty. I stopped investing in resource plays and focused exclusively on junior biotech stocks. Since that time the junior resource market has been under heavy pressure while the biotech stocks have gone up significantly. I think going forward the junior gold sector will do very well.

The reason for my optimism is based on the technical performance and the general feedback I've gotten from the industry insiders. If you look at the gold spot price chart you will note that gold has finally snapped out of the intermediate correction it has been in since last September. The TSX-V index also appears to have bounced off of the recent lows. These are both very bullish signs for the junior resource stocks.

The feedback from the industry insiders also points to a lot of optimism amongst the junior gold stock CEOs. Many companies have been in a hibernation state over the past year as they weathered the lean times. Now many companies are coming out with results they have been holding back for better market conditions.

I belive most gold juniors will do well in this market but I also believe the most bang for my back will come from investing in good companies which meet the following criteria:

1. Good management teams with prior history of discoveries.

2. Good gold properties.

3. Insider participation in financing and/or sizable management investment in the company.

4. Good promotion cycles coming up.

Over the coming days I will publish names of the two junior stocks I have selected as my picks for this season. Subscribe to my blog or follow me on twitter @TechnicalBuy  to stay informed.

ps. I still think the biotech stocks are a great investment especially now that the NASDAQ biotech index has posted both the 52-week and 10 year highs. I haven't sold any of my $BTI.V or $ICO.V

TB