Last week we wrote that Gold was broken but noted the oversold condition in
the precious metals sector as well as the relative strength in the gold stocks.
At one moment last week, the gold stocks were trading above where they were
in mid-November when Gold was trading some $60/oz higher. In other words, Gold
plummeted $60/oz and made a new low yet the gold stocks did not. It took a
bit longer than we expected but Gold and gold mining stocks may have started
their rebound at the end
