$LINGBAOGOLD-1K(02919.HK) is also falling along with metals, down more than 5%. It seems the market's defensive sentiment isn't working either.
It feels like those who piled into gold stocks in the last wave are now somewhat unwilling to cut their losses. Having heard the gold story for so long, it's actually easier to become reluctant to let go.
As the saying goes: to hold or to cut, it's always a psychological game.
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