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Skol

33,212 Posts.

1406

28/06/22

09:05

Post #: 62240534
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Originally posted by Bik: ↑

Gold Mining Stocks have been decimated over the past few weeks - with many Australian Gold Producers seeing their share prices fall to new lows. However, both the US and Australian dollar gold price is holding up strongly so the selling might be overdone.

This XGD (All Ords Gold) versus the AUD gold price is showing a massive divergence.

This presents a potential opportunity to stock up on quality Aussie gold stocks which often range from oversold to overbought. Buying the best when they're oversold can yield amazing results when the sentiment improves for the gold sector - which could be any day considering the supportive technical and fundamental picture.

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Haven't you heard about the falling knife Bic?

Stocks lead the actual gold price.

Last edited by Skol: 28/06/22
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0 Great analysis

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