from Silver Doctors:
Gold stocks have defied the odds to blast higher in the early summer doldrums. Investors have flocked back in recent weeks, their heavy buying driving record June-to-date gains.
If this newfound momentum continues, gold stocks have the potential to achieve a record summer.
With their exceptionally-bullish technicals this is certainly possible, but remains a tall order unless gold’s rare summer rally resumes.
As gold stocks are still the most hated, ignored, and undervalued sector in all the stock markets, the vast majority of traders have no idea they are soaring. But earlier this week, the benchmark HUI gold-stock index and flagship GDX gold-stock ETF were up an amazing 16.5% and 16.8% month-to-date! These are utterly massive gains, demolishing the S&P 500’s 2.0%. Gold stocks should be the belle of the ball.
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