Gold-Stock Correction Underway

By Adam Hamilton – Re-Blogged From Gold Eagle

The gold miners’ stocks are correcting.  They’ve been sliding and drifting lower on balance since their powerful recent upleg peaked a month ago.  Corrections are normal and healthy in ongoing bull markets, rebalancing sentiment to pave the way for the next upleg.  They also offer the best buy-low opportunities seen inside secular uptrends.  Deploying capital in gold stocks after corrections multiplies wealth-building potential.

While most people dread corrections, battle-hardened speculators and investors embrace them.  They make prices oscillate around their bull-market uptrends, greatly expanding their overall travel.  The more price movement, the more potential upside to ride.  Today’s gold-stock bull proves this.  Consider it in terms of the most-popular gold-stock benchmark and trading vehicle, the GDX VanEck Vectors Gold Miners ETF.

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