No mention of Brexit today. Fresnillo vs gold.
Searching the home page, there was no mention of Brexit; now there is; here:
Brexit, Brexit, Brexit, BREXIT!
Watching Fresnillo of which I own a little, it has had its first significant down day in this whole debacle for quite a long time, during June really. it did not share in gold’s pre-Brexit weakness. I wonder if their shareholders knew something:
http://stockcharts.com/h-sc/ui?s=fres.l&p=M&st=2015-04-04&en=2016-06-28&id=p02097917506&a=312811263
No downside leverage to gold at all, not yet:
Is this bullish or is it a bit like silver itself in May 2011, when it was roaring ahead of gold at the end of the bull market?