Commodity Trade Mantra

Posts Tagged ‘Gold Stock Rally’

Gold Stocks Too Far Too Fast? Near Term - Overbought, Long Term - Just Begun

Anyone could easily make the case that gold stocks are positioned for a collapse in light of their extremely-overbought technicals. Over the long run, gold stocks remain radically undervalued relative to prevailing gold prices today, so their mean reversions higher have a long ways to go. Severe overboughtness following major secular lows is actually a confirmation a new bull should run for years.

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