Gold stock sentiment indicator.Let the fun begin.Last night was...

Gold stock sentiment indicator.
Let the fun begin.
Last night was a doozy. 10 yr yield up 4% (bond prices sell-off). Cryptos commodities and the bourse cop a kicking. NASDAQ held ground.
The RRP facility was $100B off its' highs.
Gold indices down 2% - 3% on a 1.5% gold price reversal.
The recipient of all this money flow was the USD, up a little over 0.5%.
Here comes volatility.
Would not worry too much about commodities and gold in the longer term if infrastructure and green deals go ahead and inflation remains elevated.
Really need to see the producers make a move to the upside to add strength to the sector. Juniors will probably cop it in the neck today.
The dynamics of the sector are becoming a little more transparent. There could be further damage to producers if swap dealers are trying to cover gold short positions by holding producers as a hedge.
If the sell off is not too deep then multiple juniors will have target prices for the next leg.
The indicator put on the brakes yesterday.
Here it is.
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