DGLD - Gold Stocks Still Correcting

• Gold stocks are still correcting. Their necessary selloff to work off overboughtness and rebalance sentiment after their latest upleg peak hasn’t finished its mission.
• The major gold stocks have yet to revisit oversold levels and eradicate early August’s universal greed. And they haven’t yet fallen far enough to leverage gold’s own correction normally.
• The depth and duration of this gold-stock correction is dependent on gold’s own. And that doesn’t look over yet either since gold remains so far above its 200-day-moving-average support zone.

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