By Jeff Clark in Growth Stock Wire:

It's time to take another look at gold.

It has been about a month since we last analyzed the shiny yellow metal. Back then, gold was trading for about $950 per ounce, and we were bearish on the short-term prospects. The gold stocks were underperforming the metal, which usually leads to poor performance in gold itself. I suggested buying a little gold if it dropped below $900 per ounce, and buying a lot of it if it dropped to $823.

The metal remained stubborn all month long, and we only got one chance to buy gold below $900. Yesterday, however, gold dropped below $870. And it looks like we may zero in on that $823 target sometime over the next few trading sessions. Take a look at this chart...

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If you don't own gold after reading this, you're nuts

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