Potential Bottom: Our Undervalued Gold Stock
The chart below tells the technical analysis thesis - a double bottom, with the stock making a first "low" back in March, and in my opinion - a developing "higher low" over the past few weeks.
I'll be sending out an extended portfolio update to premium subscribers over the long holiday weekend ahead, but I wanted to put this on your radar today.
Our undervalued gold stock - and the rest of the gold mining sector in my opinion - is exhibiting characteristics of a possible bottom today, with nice gains across the board.
We never know when a stock, sector or market is actually bottoming, except in the rear-view mirror. (That's why we accept the risk of loss, with the potential for large gains in the stock market, instead of parking money in a bank CD).
But as I note in further detail below, I like what I'm seeing with today's action...