Pinpointing the major bottom in gold stocks

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.

The current macroeconomic backdrop should ultimately lead to a favorable outcome for precious metals, but, in the interim, it is putting pressure on that asset class. Most notably, higher real interest rates and a strengthening greenback provide headwinds.However, when focusing on gold stocks, we can use several indicators to pinpoint major lows and low-risk buying opportunities.

The vertical lines mark those indicators' extremes and the corresponding GDX lows. The gold stocks reached oversold extremes last week and are rebounding. The 2016, 2018, and 2022 lows required some time, while the 2020 low was an event. I suspect the 2024 low will need a bit of time. Tracking technical support, sentiment, and the breadth indicators shown above can give us a sense of when the market is ripe for a major bottom.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in SA
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Yields fall, stocks jump after Fed official comments; oil easesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »