by Michael Covel
Daily Reckoning
Göran H., a reader from Sweden, recently sent me a note asking the following…
“When did your system trigger a sell signal on gold stocks? And have you been close of getting a buy signal since 2011?”
With gold’s recent rally from $1,050 to over $1,250, I thought now would be a good time to address this question.
But before I answer, I want to warn you…
If you’re a gold bug who thinks gold can only go up… well, I think you won’t be too happy with what I have to say. But I tell it like it is. So let me start by telling you a little story…