A BULLISH SIGN FOR GOLD STOCKS
The best time to own gold stocks is when they outperform gold.
That hasn’t been the case so far this year.
Most investors have been better off sitting on the sidelines. But that trend appears to be changing…
For most of the past year, the chart has been falling.
But gold stocks are starting to take the lead.
When gold stocks outperformed the metal in May, the gold sector rallied 20% in just two weeks.
Since the chart retested its bottom two weeks ago, gold stocks have been outperforming gold, as well.
In other words, they may be setting up for a stronger intermediate-term (several months) rally…
– Jeff Clark
Source: Market Notes