Rally in gold stocks doesn’t smell right

The rally I’m seeing in gold related equities isn’t stacking up with the moves nor lack of trends in AUD, CAD and USD priced Gold.

Is it a latent move by these stocks to catch up to how they should have acted earlier, due to evident inflation?

I’m thinking that ‘going long’ the equity of gold companies for the medium to longer term is currently a ‘daily’ short term trap.

I’m pondering using the euphoric strength to exit some incumbent positions and take a step back.

Not liking the smell of it.

December 1, 2022
by Rob Zdravevski

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