Weakness Ahead for the Gold Stocks

It’s time to get back into the gold sector. [Jeff Clark's Market Minute]( Weakness Ahead for the Gold Stocks By Jeff Clark, editor, Market Minute It’s time to get back into the gold sector. The Gold Bugs Index (HUI) has fallen 17% over the past seven weeks. The sector is now oversold. It’s trading back down to where it was at the start of the year. Recommended Link [ATTENTION: Digital Dollar Could Send this $0.25 Play Skyrocketing]( [image]( In just a few days, the U.S. government could announce [this mandatory recall on the U.S. dollar…]( And replace it with a new digital dollar. And that could send [this $0.25 alternative investment skyrocketing.]( This is the same type of investment that’s already attracting the attention of legendary investors and billionaires like Elon Musk, Mark Cuban, and George Soros. [Click here to get all the details before it’s too late.]( -- And, the chart pattern resembles the same setup HUI had in March – just before the index spiked 30% higher in just over one month. Take a look… [(Click here to expand image)]( HUI recently made a lower low by falling below its lowest closing price in May. Meanwhile, all of the technical momentum indicators at the bottom of the chart have been rising during the recent decline in the gold sector. This “positive divergence” usually occurs near the end of a decline phase and is often an early warning sign of an impending rally. This action isn’t an exact match, but it is similar to how HUI behaved in early March, just before the gold sector blasted 30% higher. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. There’s no guarantee we’ll see the same sort of pattern play out this time around. But, the chart looks promising enough to justify adding some exposure to the gold sector. When we looked at the gold stocks [two weeks ago]( we noticed the Bullish Percent Index for the sector (BPGDM) had declined. But, it still needed to work a bit lower before it was “safe” to venture back into the gold sector. Readers who have been paying attention may have noticed the BPGDM has fallen to 43. That’s not oversold enough to justify going “all in” with the gold stocks. But, it is at levels that justify taking some starter positions. Traders should look to buy into gold stocks on any weakness in the coming days. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Are there any gold stocks on your radar? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Instant income genius shares his secret]( Do you want this for you? [Click here. (LIVE demo inside!)]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2023 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](