The bottom line is this post-stock-panic gold-stock upleg continues to look healthy. While the major gold stocks effectively doubled in a couple months, fully 2/3rds of that was merely a mean reversion out of the extreme stock-panic lows. Gold stocks havent rallied excessively from a cross-panic perspective, and havent yet seen anything resembling upleg-slaying levels of greedy sentiment and overbought technicals. Like usual this gold-stock upleg will follow gold, which continues to see exceptionally-strong investment demand into this summer. Prudent investors fear the Feds mind-boggling inflation, and worry the stock-market levitation it has fueled will roll over hard to reflect an uglier pandemic economic reality. As long as investment capital is migrating into gold to prudently diversify portfolios, gold stocks will leverage its gains.
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goldstock
upleg
Category:
Investing
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