- Gold stock valuations remain low. These companies are earning profits hand over fist with such high prevailing gold prices, forcing down their valuations. Huge stock-price gains in future uplegs are justified.
- But before this gold stock bull’s next major upleg, real-time gold stock valuation proxies suggest this correction isn’t over yet. Since their last upleg peaked, the gold stocks still haven't rebalanced sentiment.
- The leading gold stock ETF hasn’t given up enough ground relative to prevailing gold prices to signal a high-probability correction-bottoming. Short-term valuation analysis implies gold stocks still have another 10%-to-20% downside.
For further details see:
Gold Miner Valuations Low