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Jeff Clark: Terrific gold buying opportunity ahead
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Tuesday, July 07, 2009
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By Jeff Clark in Growth Stock Wire:

Gold stocks have been taking it on the chin lately. And that's bad news for anyone who owns gold.

Gold stocks often move ahead of the metal. A rally in the stocks usually leads to a rally in gold, and a decline in gold stocks often foretells of weakness in gold. So the 20% drop in the Gold Bugs Index (^HUI on Yahoo Finance) over the past five weeks is a bad omen for the shiny yellow metal.

But a little pain now could lead to the best shot we'll get to buy cheap gold this year. As I've mentioned several times before, gold is a good buy anytime it drops below $900. And by the look of the following...

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Topics: Gold | Commodities
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