- This gold bull’s latest correction looks to be mature sentimentally and technically. This selloff’s total size and duration at gold’s late-November lows was right in line with its prior correction averages.
- Gold also fell back under its 200-day moving average, the strongest support zone for bull-market corrections. This argues the lion’s share of gold’s correction is behind us, if not finished.
- That green-lights redeploying aggressively into fundamentally superior gold stocks to ride gold’s next bull market upleg. That should be done gradually over time, attempting to straddle gold’s ultimate correction bottoming.
For further details see:
Gold Green-Lights Miners