Gold stock sentiment indicator.
Good moves in all foreign gold stock indicators last night – around 4%.I think 4% could be a minimum for the better Aussie gold stocks except our market has been rather schizophrenic.
My daughter is supposed to fly in today. WTF. She got caught by the last plane strike. It’s all about timing.
A schism is appearing in bourses and indexes. I expect volatility to rise.
Gold closed over US$1,600 and just under A$2,400. Big jump in the USD as well. Another record price in AUD.
Will MSM notice? Just watched Marcus Evans – all talk about COVID-19 and FUTURE impact on markets i.e. next quarter.
The next big leg up for gold stocks is beckoning.
Leading indicators fell quite a bit yesterday. A good day for shopping for gold stocks.
The indicator has a small pull back but nothing of significance.
Unlike the main markets, where a blow-off top appears to be in progress, a safe haven rally appears to be just beginning for gold.
A short squeeze as per the palladium market will act like fertiliser to gold and stocks. Keep an eye out for this. Watch the COTs.
