You’re right. Considering the nice jump in gold, the shares are looking wimpy. Less volatility and moves that don’t make sense. Maybe its another reversal “of something” situation regarding the tweaking of programing of the computerized trading machines.
If I’m right about my “reversal” thesis, and my “you can’t get away with that anymore” thesis, then the price of gold silver and all other materials prices will NO LONGER BE MANIPULTED. My belief since 1975 is TPTB manipulated all raw material prices to, to help or support all the businesses that need materials to produce their product or widget.
Be it the Jewelry business, space and defense business, ship and aircraft building, retail food etc etc. Lets face it. If you are a saver or a producer, yo have been “fair game”. TPTB always punished those two groups. They only get temporary “air” so they don’t die totally. Miners farmers fabricators etc is always ben feast or famine. That was a bad situation, and it should be one of the reversals.