gold, page-98704

All it tells us is the % of rising PM stocks on the ASX out of the 300 odd I monitor.
Most people only monitor those they trade and a watchlist (or several) that still does not give a clear indication of market direction.
I was able to warn of the bear trap at the beginning of June and a few other odds and ends.
Interesting we should have a demolition of gold stocks just as TIPS begin to slide along with an inflation blowout.
What it does not tell us can be just as important.
There is nothing out there that gives an overview of the Aussie gold stock sector except the XGD and that is weighted to the producers and only includes those in the ASX300.
I am developing a money flow, accumulation/distribution type indicator that will separate the producer stocks and identify money flows into and out of the components of the sector. Soon find out if it is useful or not and if it is I will be withdrawing from this thread.
It certainly is not the same market as back in 2019 when the top and bottom and cyclic nature was readily identifiable.
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Maybe you would find this one more useful. My short term sentiment indicator for gold stocks looks a little like this - if you want to day trade goldies.
This chart suggests now is a good time to consider taking profits in cryptos.
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