I'm no precious-metals sector expert, but to the best of my knowledge, the last time the gold stock sector's bullish percent index hit zero was in October 2008 and the United States and most of the world was melting down in the worst financial crisis in over 70 years.
The wacky world of gold, silver and the mining stocks became a little weirder this week. One of my old mentors Bill Bonner recently was quoted as saying, "The time to buy gold stocks is when nobody wants to buy them...when even you don't want to buy them," Well Bill, we're finally there! DISCLOSURE: As of the time of publication the author is long GDX and RGLD but does not own any other stock or ETF mentioned in this article. Make smarter trading decisions and provide investment ideas that could help make you richer. Bryan Ashenberg does the dirty work so you don't have to! Follow @m8a2r1