http://www.acting-man.com/?p=44455
A recent article at Bloomberg points out that investors have apparently
not taken this lesson to heart in the gold sector (more on this further
below). Gold stocks have rallied by approximately 110% between mid
January and mid April – something that obviously doesn’t happen very
often. The rally has started after the conclusion of one of the most
grueling bear markets the sector has ever endured. As we pointed out at
the time, the turnaround was marked by a “false breakdown”.
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