Article By:
Kelsey Williams
Friday, April 19, 2024 10:25 PM EDT
Price performance of gold stocks is like a marathon runner who continually loses ground to the competition, but occasionally runs really fast to catch up; never quite reaching his previous place, then falls further behind.
The Precious Metals “Correction” : Now What ?
perhaps the real "correction" is a running correction where prices continue trending up, or a mild correction. In both cases the overbought condition is addressed. We have come off a 50 year low in the BGMI/gold ratio. Just to mean revert to a normal ratio, the $HUI would need to double, then double again from here.