I see I am referenced further on so will respond to your request.
The sentiment indicator is posted to help in timing entry/exit from the gold sector.
This is for stocks, not for purchasing or betting on gold price moves.
Sentiment is currently falling and I expect a further drop of around 10% for Aussie gold stocks prices. Mostly producers. Others are more variable.
Producers will most likely turn first when the uptrend resumes.
I do have a target low for the Aussie gold price of $2,645 or a little lower. Support.
When looking at getting into any stocks, I suggest goldies that hold their short and longer term rising trends. Currently, plenty out there so no need to bottom fish. Each to their own.
Around 20-30% of explorers are outliers and may rise though sentiment is falling due to news generation.
Could could look for these potential news generators if you want to get in now.
I recently sold many gold stocks and have tightened stops on most of the rest. Currently around 25% cash and expect this to rise as stops are hit.
Now is a good time to do research.
Will post again when I see sentiment improve. You should then be ready with a list of potential purchases.
I maintain a list of around 300 gold-focussed stocks. Many are multi-commodity. I keep this up to date with target prices, trend, etc. I recommend you do similar but no need to go as far as I do. Spread your risk.
Good timing negates the need for luck.
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