by Pater Tenebrarum
Similar to many others, we have been waiting for some sort of correction in gold and gold stocks, but obviously, not much has happened in this respect so far. We have written quite a lot about gold and gold stocks between August 2015 and February 2016, because we felt a good opportunity was at hand – a short term trading opportunity at the very least, but one with the potential to become more than that.
[…] The strength in gold and gold stocks that could be observed since then certainly suggests that something more than just a short term trading opportunity is at hand. In early February we showed a chart of how the first corrections in the nascent stage of three previous bull markets played out, with the size of the moves adapted to the chart of today’s HUI index.