After a well-deserved correction of nearly 3 months, the gold stock sector is still flashing positive signs beneath the surface, as the correction matures.
The correction that began in August amid the ‘ Buffett Buys a Gold Stock! ‘ tout has now ground on for nearly 3 months. As noted in the NFTRH 626 Opening Notes segment: “Thus far the correction in gold , silver and the miners is perfect, where perfection means long, drawn out and maddeningly frustrating to bulls (and bears thus far). That’s what corrections are, remedies to excitement, confidence and of course, greed.” We are managing the technical details (and associated strategies) of the correction in HUI and individual gold stocks each week in NFTRH , but as a gold stock investor, it has not been a time for making money since August. As a trader, it has been a difficult time for making money […]
November 1, 2020 (updated November 1, 2020) Published by StockMan