gold, page-87027

Here we go with some comparisons.
The data set begins on 1/7/19 up to Friday, 16/10/20.
The highest price in gold is at 70% and the lowest at 20%.
Gets a bit messy if I throw it all on the one chart so I will begin with gold. Both A$POG and US$POG are plotted on this chart.
Note the significant divergence in POG's post-capitulation in March. There was no capitulation in A$POG.
Of particular interest is the period around Dec, 2019. A spike in sentiment was followed by a good run in A$POG but sentiment responded to US$POG moves.
Going by the data, you could say sentiment leads the gold price.
It also appears sentiment is more closely tied to A$POG as you can see by the dip in June, 2020. This would be predominantly juniors
It also appears like the capitulation sell-off in March got rid of a lot of highly leveraged overseas investors as sentiment became closely aligned with A$POG rather than US$POG.
Given what happened back in Dec, you can understand my very bullish stance right now for A$POG.
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Though I consider RED a junior, much like NST, they are tied to POG.
It also had a massive capital raise and huge sell down prior to the raise because of leakage to so-called sophisticated investors.
I therefore have included an up and coming explorer - KIN.
One of the reasons is it shows when the bull market for junior gold stocks really kicked off.
You can see how much the capitulation sell-off hurt NST and how it was tied to US$POG rather than A$POG.
KIN exploded higher when delivering news while sentiment was high.
Around the 12/8 there was a spike lower in sentiment. This was an ideal time to pick up KIN but not NST.
NST could have been picked up on the 24/9 which was a cyclic low for the indicator.
Spikes lower seem to be best for buying juniors while cyclic lows are best for producers. This can be shown with other stocks.
I also loaded up a junior portfolio around the 12/8 which is up more than 30% already and it did not all happen in the last week.
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And finally here is NST against US$POG and A$POG.
This chart shows the link between US$POG and a major producer in A$.
Hopefully much of that link has been severed and price discovery asserts itself.
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