MF, at this point in time, my main observation is how little, a number of gold stocks that have been hammered in recent times (due to various reasons) have failed to respond to the recent increase in the POG moving up from its recent lows.
A number of these stocks are just not responding to the increase/recovery in the POG, they seem to have 'disconnected' to the POG. On the other hand, a number of these stocks are holding onto recently made gains.
My comments above, are based on what's happening right now, not so much on what's happened over the full length of the past 12 mths.
