What will happen to gold stocks for the next few months? With the coming selling pressure, HUI should continue its decline to around 155-160 in early July. XAU and NEM have old price gaps at 74.88 and 33.40 that should be filled in early July. These targets will be great buying opportunities for gold stocks because of its Wave 5 up into September. In the past, Wave 5 up for gold stocks has been a very strong rally, and the targets are HUI 300-315 and XAU 140-150 by late September. So gold stocks might be the most profitable investment during the late summer months, but wait for a good buying opportunity around HUI 155-160 and XAU 70-75. Inflation fears will probably return because the Fed is so far behind the curve, which will cause gold stocks to skyrocket into September like they did before the 1987 crash when NEM skyrocketed 122% in 12 weeks! Will we see a repeat of history?
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