A person who knows a lot about money and investing thinks that gold companies will keep doing well. They have found a pattern in how the prices of these companies are changing that shows they might go up a lot more soon. This could be very good news for people who own or want to buy stocks in these companies, because it means they could make more money from their investment. Read from source...
- The author's main claim is that expert says gold stocks have strong upside momentum and will continue. However, the expert is not named or cited, which makes this claim weak and unreliable.
Positive
Based on the article, I would recommend investing in Perpetua Resources (NASDAQ:PPTA) as a long-term play on gold stocks with strong upside momentum. The short-term technical outlook is bullish, indicating a potential sharp rally towards the US$9 resistance level that could result in a near 50% gain. However, this is not a guarantee and there are risks involved, such as possible profit-taking, market volatility, or unforeseen events that could affect the price of gold and the stock. Therefore, it is important to conduct proper due diligence and risk management before making any investment decisions.