It seems the FOMO herd are focussed on AI stocks right now. One area of the stock market which has been totally ignored is the gold mining sector. The graph below shows the gold price (Gold) with an overlay of the IShares MSCI Global Gold Mining ETF (Blue).
The next graph below displays the ratio of Gold versus the IShares MSCI Global Gold Mining ETF. Both graphs indicate the considerable catch-up potential for gold mining stocks.
It is worth taking into account that a number of gold mining stocks have formed a golden cross formation, which suggests that an increasing number of market participants have discoverd this market aberation. See the list here:https://www.stoxxtip.com/mining_golden_cross.php
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