Don't be surprised.
The whole market is jaundiced and fearful.
The price action is dominated by a small number of traders playing the volatility. Prices are being smacked down by hour-by-hour traders who are happy to grab a 5% profit.
In a bull market - GSR would be flying.
There's no confidence.
None of this however changes the fundamental value.
Ann: Multiple Bonanza Grade Gold Intercepts at Burbanks, page-11
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