false gold 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.