Sabre Gold stock is DEEPLY Undervalued! 💰 🇺🇸 🇨🇦 "... The gold miners’ stocks have been hammered to deeply-undervalued levels in recent months. Slammed by heavy gold-futures selling driven by an extreme parabolic US-dollar surge, the gold stocks have been largely abandoned. That left their stock prices anomalously low relative to gold, which overwhelmingly drives their earnings. This portends a massive mean-reversion higher to normalize gold-stock levels to gold.
Traders would be hard-pressed to find a sector more out-of-favor these days than the gold miners! That is evident in the dreadful price action of their leading sector benchmark and trading vehicle. Between mid-April to late July, the GDX VanEck Gold Miners ETF cratered a bullishness-slaying 39.8%! Since sentiment is driven by performance, that brutal walloping has left gold stocks mired in universal bearishness...."
https://www.mining.com/web/gold-stocks-deeply-undervalued/
https://www.sabre.gold/