I think that most gold stocks being up today is indicative of...

I think that most gold stocks being up today is indicative of sentiment in the sector having reached a bottom. Sentiment has been declining steadily since March/April with every Aussie gold producer down since then. Argonaut has also realised this by launching an Aussie gold fund to capitalise on the counter cyclical opportunity current prices present. I’m thinking that sentiment will improve for gold stocks for the next 6-9 months.
Iron ore producers have been in decline for 3-4 months and coal stocks have turned lower more recently. I think a rotation to gold stocks will occur to some degree pushing up prices across the board.
Any tailwind with the gold price would be icing on the cake.