That’s because the stock market is up. Don’t forget, ‘gold stocks’ are more stocks than gold when they are going down – especially with a big liquidity event coming up – but when stocks are rising liquidity is present.
Go slow. If the sequencing of 2000 repeats, with current circumstances very similar and possessing a higher degree wave wise, any kind of a bottom should not be expected until late fall.
Don’t know exactly when that will be with the likes of the corrupt idiots at Blackrock around, but some degree of a liquidity event will come in spite of them.
If stocks crash in October again, don’t expect your PM stocks to go up while that is happening.
After yes – before no.
Cheers