Saturday evening we emailed subscribers a 32-page update in which we discussed one important positive development for the sector while noting the potential for a buying opportunity before summer. The Gold/Stock Market ratio could be emerging from a major double bottom which dates back almost 2 years. If that ratio shows strength into the summer then it will be a huge positive for the sector and perhaps restart the bull market. However, this is not necessarily immediately bullish for the sector and especially for the gold stocks.
As we noted above, we see growing downside risk for the stocks but if we are right it could lead to a great buying opportunity before the summer. On page 4 of the update there is a table of some of our stocks with support levels and buy targets. This is actionable for subscribers and especially new subscribers, who can immediately learn our favorite companies and target buy prices.
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Source:: The Daily Gold
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