Gold Stocks Still Coiling

While the gold miners' stocks remain out of favor, they are still coiling. This small contrarian sector has been winding up like a spring during this past half-year of technical basing. With great fundamentals getting even better, ignored gold stocks are due for an explosive move higher as traders rediscover their massive upside potential. Higher gold prices will catalyze that, which are coming in this super-bullish environment.

In the financial markets, perceptions of time are heavily-distorted. Traders weight the more-recent past much more highly when forming their outlooks on sectors. And for the great majority of the past nine months, gold stocks have been sucking wind. That's so long in market-time that the gold miners have largely been forgotten. This recent mostly-weak price action is glaringly evident in this sector's leading benchmark.