Good points and since the Mch Lo the shares are ahead…but Hui is nowhere near it’s all time Hi, while Gold is making new records.
Before we had 24/7 games, u could pretty much expect the shares to move 3 to 5 times the metal percentage price on a daily basis and even on a long term basis there was a near 3 multiple. Hui ran 35 tp 638…18 times, while Gold ran from 255 to 1911… @ 7 times,
Plus up until recently if the shares were bad, so was the SM…today there is no reason to be an aggressive seller of shares, especially when the metals are so strong, there is every reason to hold on for dear life.