Exactly, but the gold price is now rebounding as we speak, so we should get a gold sector recovery day tomorrow. Generally, when US tech performs well (NASDAQ almost 5% up overnight) investors/traders take gold profits and move to those sectors to take advantage of those runs. The problem is the tech sector is still hovering around all-time highs, even after recent issues in relation to Trumps trade decisions. Meanwhile, gold stocks are still close to the bottom of the cycle. The tech run cannot last forever, we need to look at the next 5-10 year picture and it will not be tech constantly advancing, with all the geopolitical problems and debt bubble, gold stocks will have to recover in line with a gold price trending higher IMO.
PDI Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held
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