From Jeff Clark in the S&A Short Report:
...gold stocks are quickly approaching oversold levels. In fact, the gold sector is the only industry group I can find that is almost oversold. That's a testament to how ridiculously overbought the entire stock market was a few days ago.
It's not yet time to do so, but if the selling pressure continues for another couple days, we may get a buying opportunity in the gold stocks.
Crux Note: Jeff may be turning bullish on gold stocks, but he's still expecting a lot more downside in most markets... and he's positioning his subscribers to make big profits from it. In fact, readers who jumped on his latest trade this week are already up over 100%... in less than 2 days. To get access to Jeff's exact trading recommendations for making quick gains in this correction, click
here.
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