Gold and gold miners suffered a big one-day retreat. Why it’s still not time to sell.
1. Gold prices dropped as profit-taking occurred after a 50% gain this year. 2. Gold miners' stocks rose even more than gold itself, reflecting strong operating leverage. 3. Investor sentiment is muted with a 21% decline in VanEck Gold Miners ETF shares. 4. Gold miners considered undervalued as earnings outpace share price increases. 5. RSI readings indicate overbought conditions but signal potential underlying strength.