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Gold/Mining/Energy : The Great Gold and Silver Mining Rush of the 21st Century

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To: Valuepro who wrote (9009)9/26/2025 12:51:09 PM
From: Valuepro   of 9450
 
Adam Hamilton today:

"The bottom line is gold stocks just soared to super-overbought extremes. GDX is trading at all-time top-0.4% levels of overboughtness, rarefied territory. After the last time this happened over nine years earlier, gold stocks plunged hard and fast. Selloffs are normal and healthy after extremes, serving to rebalance technicals and sentiment maximizing bulls’ ultimate longevity. Gold-stock drawdowns are par for the course."

Read much more here. zealllc.com

My comment: This is the second week in a row that he has warned about gold and gold stocks prices being too high, while suggesting they could go higher still before a massive correction.

Also within his last two free weekly newsletters, he seems to avoid the mention of silver, where metals and stock prices have been quite subdued compared to gold. My point is that while gold and gold stocks may be facing a correction, there is no reason why silver and silver stocks - undervalued by several measures - should follow the same course. This is why I am over-weighted in silver stocks at present as compared to gold and based metals.
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