JGLD - Gold Stocks' Upleg Intact

• Gold stocks’ young upleg remains intact despite January’s sharp selloff. While that did redraw and moderate GDX’s uptrend, this leading sector benchmark is still carving higher lows and higher highs.
• Unless that changes, there’s no reason to doubt this upleg. That means any pullbacks are opportunities to aggressively add positions in fundamentally-superior gold stocks at relatively-low prices.
• Uptrends are often in flux, with their best-fit support and resistance lines gradually shifting to encompass evolving day-to-day price action. Shallower upslopes are more sustainable, ultimately attracting more capital.

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