From another perspective–> that the gold stocks, even some of the best ones, aren’t going up much, suggests that the price in the quoted metal price is unreliable. Flash-on-the-screen sort of thing.
If it were a matter of news provoking an awakening about cumulative economic problems and if the awakening had staying power I would expect most of the sound gold stocks would be surging, or almost surging. This buying on crisis news is unreliable buying except for short term traders, I think.
The better gold stocks may be at least as reliable reflections of the gold price — at least of the gold price tomorrow, next week — as the quoted gold price, in a way. But your point is true. Many algorithms presumably treat the gold stocks as “stocks.”
Fully, this action is strange. We never really saw this in the mid nineties bull run or the run in the early 2000s. There is upward movement of sorts but halting and hesitant.
Yes.
From another perspective–> that the gold stocks, even some of the best ones, aren’t going up much, suggests that the price in the quoted metal price is unreliable. Flash-on-the-screen sort of thing.
If it were a matter of news provoking an awakening about cumulative economic problems and if the awakening had staying power I would expect most of the sound gold stocks would be surging, or almost surging. This buying on crisis news is unreliable buying except for short term traders, I think.
The better gold stocks may be at least as reliable reflections of the gold price — at least of the gold price tomorrow, next week — as the quoted gold price, in a way. But your point is true. Many algorithms presumably treat the gold stocks as “stocks.”
looks like miners have lost their nuggets in another dust storm…total BS
Fully, this action is strange. We never really saw this in the mid nineties bull run or the run in the early 2000s. There is upward movement of sorts but halting and hesitant.
Agree North
Not Really Bullish Action despite all the “reasons” it should be.
It’s all about interest rates now. Gold the metal is responding somewhat, but T-Bonds is the pure play.
In addition to TLT, I like is the mutual fund RYGBX which is 1.2X Gov. Long Bonds.