$LINGBAO GOLD(03330.HK), $Almonty Industries(ALM.US), and $JIANGXI COPPER(00358.HK) all dropped by five to seven percent, while $Alcoa(AA.US) saw a slight decline 😔
Gold, tungsten, copper, and aluminum were all singled out; commodity stocks act as ATMs on days when risk appetite contracts, and the turning point in gold prices gives gold mining companies even more reason to fall.
The underlying commodity prices haven't collapsed, but stock prices ran ahead first. We'll wait for both sides to realign before judging the direction.
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