gold stocks

Trade Idea: Silver is set to outperform gold based on gold/silver ratio, silver mining companies present excellent entry points.
Technical analyst Jack Chan foresees a gold bull market correction, which he believes would make an excellent entry point.

In a bull market corrections can end quickly. One minute you are projecting another 5-10% downside and the next, the market has left lower prices in the dust.

Gold and gold stocks finally showed a bit of weakness during the holiday shortened week.

Just read the chart, forget the news!

Gold has closed above $1,230 per oz. and indicating that a bottom is in or that one is close at hand. The trend has turned neutral from negative thus giving gold a much-needed boost to potentially test the $1,350 ranges.

The precious metals market isn’t really all about metals. Mining stocks, a significant part of the market, are of very much interest to gold and silver investors.

Here are two scenarios that could follow an imminent stock market crash.
Gold stocks have lapsed back to despised status after late March’s sharp selloff.
A false breakout in gold and gold stocks likely leads a major correction in both.