Take a Look at Potential Upside Targets for Gold
Obviously, we can’t know if the bottom is in but I’ll repost a chart which is my best argument for why we can expect a big rebound over the coming months. The chart shows all of the worst bear markets in gold stocks. At the top right I’ve annotated the ensuing recoveries. As you can see, D (the HUI from its 2011 top to last July 6’s close) is extremely close to B and C in terms of depth and duration. B and C occurred in a secular bull market and were followed by 606 percent and 560 percent gains. D is also close to E which was followed by a 205 percent gain in seven months. A, the 2008 collapse was followed by a 324 percent gain in less than three years.