It’s the Argentina situation. If this keeps up it will be fully priced in soon now.
The gamblers just can’t get enough of dem GDX calls though so any crack in the bullion price would likely see another “buying opp’ for the entire sector.
Make no mistake. The positive news does not matter much for PM’s the way the bankers got the algorithms set up.
Any kind of perceived negative news and down they will go.
Chuckle