Gold Mining Stocks Are Now Overbought Is It Time To Sell?

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Everything in the financial markets is now going up, except for Bitcoin, and gold stocks are going up this year more than just about everything else. Yesterday, the GDX gold stock ETF ended the day for a year to date gain of 99.43%. Meanwhile, NVDA is up 28.51% this year, since New Years.

I have gotten several emails in the past week from people asking me if they think now is the time to sell gold or gold mining stocks, because they have gone up so much.

You can see on the chart of the GDX how the overbought/oversold RSI indicator is now at its highest point in over a year.