Loading ...The bureaucracy’s price managers can’t keep gold down, but they sure as hell are not going to buy anything else in the sector. They are trying to give a signal with NVDA being up today, with the “French problem”.
The idea is this will blow over by the weekend and the status quo will return on Monday.
If that does not happen, and gold is up big time Monday, then capital should flow into the sector whether NVDA is up or not – but it will help to have tech start to play second fiddle at some point. As can be seen above, NVDA could top out at any time now – it’s traced out 5 of 5 of 5 in spades. A big fall is coming soon.
Could that affect overall liquidity in the sector? (and to goldilocks’ concern)
Of course, but if gold and silver take out their recent highs, I can’t see the shares remaining in the doldrums forever.
However, I can understand your frustration.
Personally, based on the way most shares have been trading to this point in the larger advance set in motion last year, the combined market cap of the larger PM sector still in the tank on most comparative metrics, which is in contrast to other such bubble occurrences seen so far this century (i.e. at the same point in these previous occurrences.)
And while the juniors could continue to lag (because of credit / liquidity concerns), again, this condition will not last forever, with capital literally being forced into the sector (think managed money competition), away from the hare-brained strategies currently fashionable in our thoroughly debased society(s).
Hang in there.
It’s coming.