Loading ...Yes agreed. The shares are big leverage on price of Gold because when we buy a miner we are buying the value of the untapped reserves. They should eventually snap out of this strange aberration.
The big producers should start reporting big profits. Also mutual funds are probably buying them. Some of the super big caps are out preforming gold. The smaller miners or explorers may be take over targets too with high gold. Maybe the smaller miners are just in sympathy with the general risk on paper markets.
There was an oil CEO on this morning saying nobody should be allowed to buy a contract unles they take delivery. The other day the Shell oil CEO was saying a similar thing, that the traders (or gamblers imo) are setting the values. Its a dumb commodity pricing system that enables the gov’t to “push things around” thru the banks acting as traders. That don’t take delivery. We allfigured that out long ago re Goldman Sachs.