On June 24, 2013, the Gold Stock Indicator (GSI) declined below the 2008 low for a brief moment. Today, June 25, 2013, the GSI is at the 2008 low.
Any activity in the gold stock arena below the “stage 4 buy” level is uncharted waters for us. We will continue to post transaction alerts based on our partnership account. However, successfully navigating to this point without over-committing our resources was the ultimate goal of this exercise. We hope this effort has been practical and saved our readers money they would have otherwise lost at much higher levels in gold stocks.
We would not be surprised to see a considerable sell-off in gold stocks in the near-term. However, based on the GSI since 1983, now is a reasonable time to line up gold and silver stocks that are part of the Philadelphia Gold and Silver Index (found here) or the Amex Gold Bugs Index (found here) for investment opportunities.
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