Gold stock sentiment indicator.The S&P500 and XJO is still very...

Gold stock sentiment indicator.
The S&P500 and XJO is still very much risk-on though the rise and rise of the USD suggests otherwise.
Intraday market volatility on the rise again - selling into strength?
USD strength could be the result of reasonable data out of the US though inflationary pressures (which are a component of this data by pricing transactions higher) appear to be increasing.
I suspect the commodities sector will remain sluggish unless there are significant discussions around infrastructure spending.
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Gold stock sector remains oversold
Some of the producers are only 10-15% above price lows set during the capitulation sell-off in Feb/March.
Very little has changed in the short to near term so patience is still the order of the day unless you are cashed-up and bargain hunting.
Gold stocks have hit the pause button.
You can see the recent history of the indicator. It does not remain at these levels for long.
The sector is currently being milked for all it is worth.
It is almost Friday and I believe the pressure is for gold to continue up.
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