OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

1–5–The incredible, edible Adam Hamilton CPA=Nothing attracts traders to gold stocks like higher gold prices, so major-to-massive buying is nearing.

Posted by Richard640 @ 23:21 on October 5, 2018  

The bottom line is gold stocks are already recovering.  Their recent forced capitulations were extreme anomalies that aren’t sustainable.  Cascading stop-loss selling battered gold-stock prices to exceedingly-low levels that are fundamentally absurd.  The gold miners’ stocks must be bid much higher to reflect their underlying earnings in today’s gold-price environment.  That portends an inevitable mean-reversion rally.


And it should overshoot dramatically as gold itself powers much higher.  Gold suffered extreme selling in recent months from gold-futures speculators and GLD investors.  The former will soon be forced to cover their still-near-record gold-futures shorts, while the latter will buy as gold rebounds and the stock markets weaken.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.