From today's FatTail Daily email:
"
Pay close attention to the price of gold (the yellow line) and the performance of gold mining stocks (represented by the orange and blue lines).
See how the gap between them continues to widen since around mid-2023, even as gold stocks are starting to recover from their selloff?
.
It happened again during the 2019–20 gold bull market.
Just look at how junior mining stocks cut through and overtook gold:
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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