Gold stock sentiment indicator
Access to a backup server has allowed me to update.
A healthy uptick yesterday but nothing extraordinary.
Leading indicators are good but nothing outrageous.
Wondering what happened to gold last night?
https://www.zerohedge.com/commodities/gold-suddenly-hammered-multi-billion-dollar-sale
Looks like the price of gold is being treated like COVID-19 for financial markets.
Bring out the big guns and no holds barred.
OKU down 2% after releasing a report like this. If this had occurred yesterday or Friday they would probably be up 25%.
https://www.asx.com.au/asxpdf/20200225/pdf/44ff1j6htc3z2k.pdf
A flip through my watchlists show at least 80% of gold stocks are in the red.
You are being shaken out of your holdings and the real players will be sucking them up.
I still suggest patience. This has more to go and has barely filtered through to stock prices.
Next chart Thursday at the earliest.
