New Up Leg in Gold Immanent
posted on
Dec 21, 2007 04:19PM
Posted at market opening this morning at VIT Bullboard. Two days ago I got a major buy signal on gold stocks when the ratio of gold to the XAU gold index hit levels that are typical of major bottoms. Go to stockcharts.com public charts author: thomas smith and the first chart you will see is the ratio chart. This signal should not be taken lightly. It has been very accurate in the past in identifying bottoms in gold stocks. The signals don't come very often, but you would be wise to check out the chart for yourself. This buy signal indicates that gold stocks should begin to outperform gold bullion, and this fact should bode well for most gold stocks including Victoria Resources.
