The gold miners’ stocks have largely been consolidating high following last summer’s powerful upleg. That resilience has left sentiment relatively bullish, with traders mostly expecting this sector to soon start surging again. But the jury is still out on whether gold stocks will be lucky enough to evade a bigger correction. Major downside risks still abound, primarily in gold which dominates gold-stock price trends.
The reversal in gold-stock fortunes this year has been radical. This is readily evident in their leading benchmark, the GDX VanEck Vectors Gold Miners ETF (GDX). Comprised of the