It seems the Street has become a little less interested in gold stocks even though there have been some indicators of optimism.
There has been a nasty downtrend in place recently with the Gold Miners ETF, with market vectors showing a decline every day last week. It did show a little support on Tuesday near 30.
The internal set of tools the industry has in place to gauge what the aggregate ratings for industry groups is says gold stock bottomed out last October with 55% of ratings as actual buys. Although the ETF has roughly doubled since October, the actual buy percentage has dropped to 47%.
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