Mining Stocks, Chinese Stocks, and the Grim Outlook

From goldpriceforecast.com

Gold miners were just the most overbought since 2020, and it seems that they topped just like back then. At least, that’s what the Gold Miners Bullish Percent Index is suggesting. It’s a breadth indicator based on the number of stocks with Point & Figure buy signals (a Point & Figure chart emphasizes strong moves while ignoring small ones). The closer the index is to 100%, the more overbought the situation in the mining stocks is, and the closer to 0% the index gets, the more oversold the situation in the mining stocks is. This index was just the most overbought since the 2020 top! Extreme bullishness ... (full story)