Over the last week, I have posted evidence suggesting that gold stocks have bottomed out. Despite my best efforts, my posts have turned out to be incorrect, and I have lost money because of this. Nonetheless, I still feel that it would be imprudent to sell at this time.
Here is a chart of GDX, the gold stocks ETF:
The main thing is to keep calm, and to continue to look at the charts objectively. One aspect I'm interested in seeing is how the weekly charts finish off this week. I'll be looking to see if the Euro holds the support line I was talking about. This test will be key. I'll have a longer post once the week finishes up. Best of luck.