Gold stock sentiment indicator.
Finally have the reversal I was expecting.Those of you who have a gold stock portfolio or watchlists will have noticed little actual fall in prices for the larger stocks yesterday.
Failure of stock pricing matching the current price of gold suggests a lack of confidence/patience with this sector.
As I have many stocks up at least 25% from their lows I will be taking a little profit off the table today.
The trade deal has this sector and the rest of the market treading water. Still very much risk-on.
Any hiccups and gold stock prices could appreciate rapidly.
Long may we prosper.
