That's fairly close to my reckoning as well @Rooster100
The POG has fallen about 15% from it AUD highs, while the XGD is down over 33% over the last few weeks and 42% since the August high.
The AU POG is only at two week lows while some quality gold stocks are at two year lows. So by most metrics, you could argue that gold stocks are very much in oversold territory.
Either way, currently I'm backing my self judgement, systems and charts until proven otherwise.(which looking at the spot may be tomorrow!)
Trade carefully and run stops
That's fairly close to my reckoning as well @Rooster100 The POG...
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Last
3,247.6 |
Change
-8.400(0.26%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,256.0 | 3,278.0 | 3,244.8 |
| XSO (ASX) Chart |