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"I have around 20 decent gold stocks in the buy zone ATM"You...

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onway8

394 Posts.

36

21/10/20

15:47

Post #: 48273827
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Originally posted by Pointyfigures: ↑

Gold stock sentiment indicator.
Interesting times.
Nice consolidation with gold creeping higher in AUD, now above $2,700.
In the meantime US$POG is trading within a $10 range.
Highly stable but possibly boring for some of the punters.
.
This is reflected in the sentiment indicator which pulled back a few %.
Short term indicators have retreated around 10% and sit in the 40% region.
If you have a broad range of PM stocks this should not be damaging to your portfolio.
This is where patience is rewarding and a great time to rebalance.
Good stocks should continue to climb higher while the highly speculative may see some profit taking.
This is a consolidation phase and not necessarily associated with a collapse in POG.
Aussie investors may wake up as gold hits $2,800
I have around 20 decent gold stocks in the buy zone ATM. Includes producers. That number will probably increase as this phase plays out.
Here is the indicator.
.

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"I have around 20 decent gold stocks in the buy zone ATM"

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