Epic Opportunity in Gold Stocks
Jordan Roy-Byrne analyzes gold stocks from a technical perspective .. Jordan is targeting $1180/oz or slightly below or $1080/oz as the worst case scenario on the price of gold .. on gold stocks, points out the gold stocks bottomed ahead of gold at the major lows of 2000-2001 & 2008 .. also notes: "The gold stocks were positively correlated with the stock market prior to the 1929 and 2008 crashes. That's why they crashed with the overall market. However, prior to the cyclical bull markets which began in 1973, 1977 and 2000, the gold stocks were negatively correlated with the stock market. That's also been the case for the past 22 months."
LINK HERE to the analysis
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