Gold Mining Stocks Have Been in an “Official” Bull Market Since Christmas Eve

Of course you know that the 20% standard that the Wall Street finfotainment media uses for calling a rally a bull market is pure nonsense. But on December 24 HUI closed at a level that was slightly more than 20% above its low close back in September. And over the last couple of weeks, prices have hung around and even inched higher. We’ve had some stock picks on our buy list since December 10.  This report looks at how they, and the metal itself, are doing and are likely to do.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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