Impressive day for the gold stocks. I thought gold stocks would do OK during the overall market correction, but not this well! I may have to delay my vacation plans - again, lol.

It seems the gold stocks like to preceed the overall market by about 5 months. They bottomed in 2008 about 5 months before the overall market, then went into consolidation mode in December 09, preceeding the overall market by about 5 months. Now they are breaking out again. If the pattern holds, the overall market should start another run sometime around September - which would be just about perfect....

In the meantime, I'm going to limit my trading to gold stocks (maybe a little silver, too). I think base metal stocks could correct along with the overall market.