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Gold Miners’ Epic Q3 Earnings Loom, but Overextended Prices May Trigger Selloff

Pelican Press

By Pelican Press,
in World News

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stocks are soaring with their metal, stacking more record closes. But rallying so far so fast has left this sector exceedingly overbought, at serious risk of a big and fast selloff. While periodic rebalancings are inevitable and healthy in powerful bull markets, gold miners’ fundamentals still support much higher prices. Gold miners’ Q3 earnings season will soon get underway…

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