In a recent article from Streetwise Reports, Barry Dawes of Martin Place Securities discusses the current state of gold stocks, noting that the 13-year downtrend has been broken and is now undergoing a backtest. He observes that while the market is in a significant bull phase, the direction of gold prices remains uncertain, with potential for a C wave decline. Dawes also highlights the varying performances of gold stocks across different markets, suggesting that inconsistent valuations indicate early stages of investor participation in this bull market.
