I have been watching the shorts on the gold stocks and all of a sudden they ave started to go up on all the major goldies such as SAR, EVN, RSG, NST despite the fact the gold price has been the highest in last 6 years and all gold stocks have doubeled/ trippeled in last 12 months.
Is this a similar story to lithium stocks in early 2018? Definitely shorts are moving in towards gold stocks despite the share price of these stocks making new highs.... i will be very careful investing in gold stocks now.
Hopefully the shorts will start winding down on lithium stocks and focus their attention on the gold.
DYOR
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posted this last month , never go against the shorts - lesson learnt
GXY Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
