The Gold Stocks

Gold Stock Technician (03/30/2009)
"Yet another market, which along with the Bonds, is 'paying lots of attention' is the market for Gold Stocks. We checked this morning's issue of Investor's Business Daily and guess which group is now ranked Number #1, that's right Number 1 among all stock market sectors for Relative Strength? You guessed it - The Gold Stocks.

Is this any surprise after the action of the last two weeks? Hardly. Gold Stocks ceded ground only begrudgingly during this year's early and very nasty stock market decline, and promptly whirled around on the proverbial dime post Mr. Bernanke's shock and awe Q/E announcement. It is the persistency in relative strength that impresses us the most at this juncture."

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