- This young gold-stock upleg is accelerating. Speculators and investors are increasingly realizing that this sector’s powerful surge since early March is the real deal.
- So they are rushing to chase this momentum by redeploying in gold stocks. The more they buy, the faster the miners rally attracting in even more capital inflows.
- Traders fear gold stocks have surged too far too fast, growing overbought. While that may prove true in the short term, from a broader upleg-correction-cycle context, this sector remains slightly oversold.
For further details see:
Gold-Stock Upleg Accelerates