Gold stocks - summer low and ready to go?

Light at the end the tunnel? Or a false dawn ...

A quick post sent in haste to paid subscribers.

I have been dipping my toe back into the water of gold stocks this week. I can’t be sure the dollar has peaked and gold has bottomed, but …

Almost every sentiment measure has gold miners at extreme oversold levels, from the COT (in gold futures) to RSI and MACD. Buying gold assets in the June-August summer timeframe and selling in the winter pays off with alarming regularity. And it the risk-reward feels right at this point.

I am adding to my positions in two stocks, both mentioned before on these pages. They are …