Even with record high gold prices, Australia's largest gold producer NCM is still trading well below its share price high of 9 months ago. In fact both gold stocks and silver are failing to confirm gold's all-time high. This is bearish for gold unless silver rallies to a new record high above $50/oz and gold stocks also confirm the trend. But of course that's what most precious metal bulls are betting on. Given the persistent and extremely bullish trader sentiment readings on gold & silver, such a gamble is very high risk.
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gold stocks to consider v2, page-17
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