{"id":27638,"date":"2026-06-09T07:30:00","date_gmt":"2026-06-09T11:30:00","guid":{"rendered":"https:\/\/jeffclarktrader.com\/market-minute\/?p=27638"},"modified":"2026-06-08T12:08:10","modified_gmt":"2026-06-08T16:08:10","slug":"gold-stocks-look-ready-to-rally","status":"publish","type":"post","link":"https:\/\/jeffclarktrader.com\/market-minute\/gold-stocks-look-ready-to-rally\/","title":{"rendered":"Gold Stocks Look Ready to Rally"},"content":{"rendered":"\n<p>The gold sector is gearing up for a rally.<\/p>\n\n\n\n<p>That\u2019s a contrary opinion for sure. Most folks have soured on the gold sector, since the action over the past few months has been so poor.<\/p>\n\n\n\n<p>The Gold Bugs Index (HUI) peaked at 960 in late-February. It closed last Friday at 675. That\u2019s a 30% decline in just over three months. The index has given up all the gains from the blistering rally that started the year. It is now underwater for 2026.<\/p>\n\n\n\n<p>This is, however, the setup from which gold stock rallies begin. The Bullish Percent Index for the gold sector (BPGDM) is on the verge of generating a buy signal. Take a look\u2026<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"312\" src=\"https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/image-1.png\" alt=\"\" class=\"wp-image-919028\" style=\"width:731px;height:auto\" srcset=\"https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/image-1.png 700w, https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/image-1-300x134.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p>The BPGDM measures the percentage of gold stocks that are trading in a bullish technical formation. It\u2019s basically a gauge of overbought and oversold conditions.<\/p>\n\n\n\n<p>Since it\u2019s measured as a percentage, a bullish percent index can only reach as high as 100% or fall as low as zero.<\/p>\n\n\n\n<p>Typically, a sector is extremely overbought when its bullish percent index rallies above 80%. It\u2019s extremely oversold when it drops below 30%.<\/p>\n\n\n\n<p>Trading signals are generated when the index reaches extreme levels and then reverses.<\/p>\n\n\n\n<p>The blue arrows on the chart point to the previous buy signals so far in 2026.<\/p>\n\n\n\n<p>Here\u2019s how the Gold Bugs Index performed after each of those signals\u2026<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"936\" height=\"418\" src=\"https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/Picture1-11.png\" alt=\"\" class=\"wp-image-919034\" style=\"aspect-ratio:2.2392915583790547;width:743px;height:auto\" srcset=\"https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/Picture1-11.png 936w, https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/Picture1-11-300x134.png 300w, https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/Picture1-11-768x343.png 768w, https:\/\/jeffclarktrader.com\/market-minute\/wp-content\/uploads\/2026\/06\/Picture1-11-700x313.png 700w\" sizes=\"auto, (max-width: 936px) 100vw, 936px\" \/><\/figure>\n\n\n\n<p>HUI rallied 20% in three weeks after the BPGDM buy signal in March. It rallied 12% in one week following the May buy signal.<\/p>\n\n\n\n<p>To be clear\u2026 those were only short-term rallies. But, they were rallies that generated big gains, fast, for traders who were quick to act.<\/p>\n\n\n\n<p>The BPGDM closed yesterday below 8. It is deep into oversold territory. It will generate a new buy signal when it turns higher \u2013 which could happen any day. Short term traders should step up and buy gold stocks once that happens.<\/p>\n\n\n\n<p>There\u2019s an excellent chance the gold sector will be higher a few weeks from now than where it is today.<\/p>\n\n\n<p>Best regards and good trading,<\/p>\n<p><img decoding=\"async\" style=\"max-width: 200px; width: 100%;\" src=\"https:\/\/files.jeffclarktrader.com\/global\/signatures\/jeff-clark-signature.png\" alt=\"Signature\" width=\"200\" \/><\/p>\n<p>Jeff Clark<br \/>Editor, <em>Market Minute<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The gold bulls are coming back\u2026<\/p>\n","protected":false},"author":2759,"featured_media":0,"comment_status":"closed","ping_status":"0","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"service":"","footnotes":""},"categories":[1],"tags":[],"publication":[10],"person":[7],"newsletter-type":[],"ticker":[],"class_list":["post-27638","post","type-post","status-publish","format-standard","hentry","category-market-minute","publication-market-minute","person-jeff-clark"],"acf":[],"ai_tts_audio_outdated":false,"ai_tts_content_changed_during_generation":false,"ai_tts_legacy_post":false,"_links":{"self":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/27638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/users\/2759"}],"replies":[{"embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/comments?post=27638"}],"version-history":[{"count":7,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/27638\/revisions"}],"predecessor-version":[{"id":27665,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/posts\/27638\/revisions\/27665"}],"wp:attachment":[{"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/media?parent=27638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/categories?post=27638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/tags?post=27638"},{"taxonomy":"publication","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/publication?post=27638"},{"taxonomy":"person","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/person?post=27638"},{"taxonomy":"newsletter-type","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/newsletter-type?post=27638"},{"taxonomy":"ticker","embeddable":true,"href":"https:\/\/jeffclarktrader.com\/market-minute\/wp-json\/wp\/v2\/ticker?post=27638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}