This classic indicator is flashing the strongest buy signal for gold stocks since early 2009, when they were just starting to recover from the 2008 crash.

Here’s the chart:

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Site Tip: to find the cheapest gold stocks, start with two lists in our Editor’s Picks section (updated daily).

1) Solid Gold Miners: these stocks are producing gold already, earning money (!) and are cheap relative to their cash flows.

2) Value Gold or Silver: this list includes companies exploring or developing properties that are not yet producing. Companies must have 43-101 or JORC compliant resource estimates in the indicated category or better, not have too much debt relative to equity, and be cheap relative to their resources.

Click on any company in a list to see more details and investigate further.

Happy prospecting!

Here’s the list of companies who’s resource, production and financial data we’ve just updated and put online in the past few days, bringing the running total to 550. We are also revealing full property-by-property tonnage & grade and production data for all companies later this week.