Gold mining stocks? It looks that way! For years shorts had their way of having ever lower share prices of gold mining stocks as the price of gold bullion was rising. That is a paradox. Yet that was the case because shorts were able to have their way. But things seem to be turning around as more bullish investors and generalist investors are turning to gold and gold stocks to preserve their wealth.
The stock markets are making new highs but the companies are making less profits or profits are stagnant. On top of this we have the prospect of the coronavirus affecting global growth prospects. As more investors adopt a safe haven approach to investing the shorts will be at a disadvantage and will have to eventually abandon their strategy. This will quicken the pace of share price appreciation for gold mining stocks!