Gold is only up 0.75%, not even at a new record high, but the $GDX is up 4%, hitting a new multi-year high. $B is up 9%. It's not often you see a move like that. At the same time, Bitcoin is down 1.5%. It's clear investors are rotating out of fool's gold into the real thing!
Incredible to see how much lagging large cap gold miners such as B and NEM trail their South African peer equivalents with similar fundamentals (AU and GFI).
These laggards are only just starting to close the gap. Huge amount of mileage left for them to run.
Calls all day.
B at nearly +9.80% in a single day based on ??? news and gold is still roughly the same price as earlier this week (ok ye it went up today). USD up. 10 year up. Yet, all miners popping off. Based on??? Is ALL of this gonna go away in AH? Its just OPEX mirage? Or can i keep my money $$$ for next week?
Everyone here foaming at the mouth over tech stocks. Meanwhile Barrick/Gold miners are silently mooning.
quarter ported into 'B' calls. Right decision.