I see two probs for PM stox, the long Au/Short PM stox Spreaders are useing the rally to sell more and Arb Algo’s are selling PM stox against the SM as well on every SM uptick.
Plus someone is sitting on NEM tdy….you can see their games by watching Nem, GG and Gdx, they all closed @ 2050 last night, Nem is way down GDX unch and GG way up…..why there is no news etc