From Jeff Clark, Editor, Stansberry Short Report:
The gold market is poised for a short-term reversal.
Gold has been on a terrific run since it bottomed at about $1,050 per ounce in December. The metal rallied to close at more than $1,270 per ounce last week. That’s a gain of more than 20% in just three months.
Gold stocks have done even better recently. The Market Vectors Gold Miners Fund (GDX) is up around 55% since mid-January.
But all rallies eventually end. And it looks like the next few weeks could be rough for the “gold bugs”…
Back in November, I showed Growth Stock Wire readers that the commercial traders were getting bullish on gold. The development was a strong sign that gold’s decline was nearing an end and a rally was coming.
You see… commercial traders are the so-called “smart money.” They’re merchants, miners, explorers, or bankers in the…