It's called selling exhaustion. The only holders of gold stocks...

It's called selling exhaustion. The only holders of gold stocks now are true believers in the yellow metal who didn't have to sell to raise cash. Everyone else is out. Friday's closing offer for ADU (45c) is 50% higher than its open price (31c).

We're going to see a lot more of this type of price action in the weeks and months ahead. Ludicrous valuations across the board for junior ASX goldies but once all the sellers have gone the only direction left is up. In many cases the reversals will be fast and furious.

Rowingboat