Sokoman Minerals Corp. V.SIC

false gold

[likeike]

The bottom line is battered gold stocks are literally trading at panic levels today! They haven't been lower or more oversold since March 2020's pandemic-lockdown stock panic, after which they violently mean reverted massively higher. Today's extreme lows are just as anomalous and unsustainable, based on a false premise that recent months' big gold selloff was fundamentally-righteous. But that simply isn't true.

Gold-futures speculators fled unleashing enormous selling as the US dollar soared parabolic on the Fed's most-extreme hawkish pivot ever. That tainted gold psychology, leaving investors bearish enough to join in the selling. But all that has mostly been spent, with speculators' gold-futures positioning and investors' gold-ETF holdings at major multi-year lows. As all that reverses, gold will soar launching gold stocks way higher.

[geezer21]

Those, like Sprott, sovereign wealth funds, banks, governments, and individual wealthy see what is coming and are accumulating taking advantage of these sell offs. Sokoman today is an example.  Volume is up with buyers willing to scoop up shares from nervous nellies.