Epic Opportunity to Buy Gold Stocks

Well now this particular post is all about the Opportunity to Buy Gold Stocks! I am sure you guys might be interested in this. Remember the crash that was witnessed August 2008? This post is a brief extract of Adam Hamilton's most valuable piece "Epic Opportunity to Buy Gold Stocks"

The precious-metals stocks, according to Hamilton, not take kindly to gold’s steep selloff during the second week of August, 2008. During that time the flagship HUI gold-stock index plunged 6.0% at the climax of what can only be described as a crash opinionated Hamilton. In this event’s final 3 days, the HUI bled 13.1% of its value. In less than a month, it had plummeted 33.1% by the time the dust settled!

Although the HUI has a well-deserved reputation for extreme volatility, this selloff was still exceptional. Typically, sharp HUI declines emerge after major uplegs from high levels. But as you’ll see in these charts, the HUI wasn’t high technically when this heavy selling started battering it as August dawned. In fact it was already pretty beaten-up pre-crash, under both its summer support and 200-day moving average.