by E.B. Tucker
[…] One chart signals the time to buy gold stocks more accurately than any other piece of research I know of.
It’s more valuable than mine site visits, company presentations, and even geology.
Since 2000, this chart flashed a buy signal on gold stocks only three times. The first was in the spring of 2003. Back then, gold was already in a new bull market. From the time the signal flashed “buy,” gold went on to double. Mining stocks, specifically the NYSE Arca Gold Miners Index (GDM), went on to triple.
It flashed again in late 2008. Over the next three years, gold doubled again…while mining stocks tripled.