Från Morris Hubbartt senaste artikel: The Bouncing Fibonacci Ball
- There is one word to explain the feelings of gold stock investors over the last several weeks and that is “pain”. This HUI Gold Bugs index chart identifies other painful corrections during the gold bull market, dating back to 2001.
- Most of those corrections were similar to the current pullback. In hindsight, they look pretty normal, and so will this one. Gold stocks are incredibly volatile, even in the best of times. Because this is the first correction since the market debacle of 2008, it feels more severe and frightening. In the big picture, the current selloff is probably more of a dip than a debacle.
- Some technical indicators and oscillators are now more oversold than any other time in the history of this gold bull market. For more evidence that this is not a 2008 type of debacle just getting underway, please view the next chart.