Things are finally looking up for gold stocks. In fact it’s likely a new major rally has begun. The reason is that major corrections in secular bull markets produce the best buying opportunities. They are the biggest dips for those looking to “buy the dip”.
Last week the picture for the euro changed significantly as it fell -3.90% for the week and fell out of a trading range between 140 and 145. The breakdown out of this trading range could be the beginning of a new Stage 4 downtrend for the euro.
The slogan "the trend is your friend" was created for a reason. People tend to agree more often than disagree with their friends. Aligning yourself with the long term trend means you are choosing to agree with the wisdom of the market.