That is a bullish omen for gold, as its subsequent upleg can accelerate after differential gold-ETF-share selling pressure ends.

Gold miners’ stocks are rallying on balance again, following their recent multi-month correction.

While this total selloff could still deepen, waning downside risks are increasingly being outweighed by big upside potential.

With silver remaining high despite being in a healthy correction, silver miners’ super-bullish trend of fast-improving fundamentals is likely to continue.

Mid-tier gold miners’ stocks are again setting up to achieve more massive gains during gold’s next bull upleg.

Collective gold production not only rebounded sharply from Q2’s lockdowns, but even grew from the comparable prior-year quarter.

This year’s dawning winter rally has great upside potential after the gold and gold stock corrections run their courses.

Gold is at risk of serious gold futures selling as the oversold US dollar inevitably mean reverts higher.

A rapidly strengthening US dollar forces gold futures speculators to aggressively dump their leveraged positions.

Short-term valuation analysis implies major gold stocks still have another 10-20% downside.

With silver’s high consolidation failing into a correction, downside momentum will accelerate.

Seasonality is likely to exacerbate this necessary selling over the coming month.