The POG surge euphoria should be tempered by the reality that the important gold stock indices are still depressed and still in a down trend.
This is a reflection of the overall market bearishness - when a market crashes, everything gets sold off, the good the bad and the ugly.
I was speaking to a small to medium company analyst the other day, and he said its very hard to sell anything currently, people and insto's are very bearish, even for "good stories" ..... "winter is coming ..." ???
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