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Gold and Gold Stocks – How to Recognize an Emerging Bull Market
acting-man.com / Pater Tenebrarum / October 14, 2015
We have last discussed the gold sector in a series of posts between August 11 and September 1, arguing that an interesting risk-reward proposition could be discerned, both from a longer term investment perspective and a shorter term trading perspective. In particular, with a major support level nearby, and a great many similarities in the technical set-up to previous significant lows (plus a fundamental backdrop with growing potential to shift to a more bullish configuration), an opportunity combining potentially high return with minimal risk had emerged again (meaning that risk could be minimized by using the nearby support level as a stop).
These posts can be reviewed here in chronological order: “Gold Stocks at an Interesting Juncture”, “A Playable Rally May be Beginning” and “Update on a Tricky Situation”. Considering that in the brief rally between late December 2014 to late January 2015, numerous individual gold stocks rose between 100-200%, opportunities of this sort are nothing to be sneezed at, even if the bear market resumes again later. This view was a fairly lonely one at the time, which is no surprise given the awful performance prior to the low being put in. In the meantime a worthwhile advance has indeed gotten underway, even if it has taken a few more retests of the low before things really got going:
The post Gold and Gold Stocks – How to Recognize an Emerging Bull Market appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/14/gold-and-gold-stocks-how-to-recognize-an-emerging-bull-market/
