Maybe that explains something
https://www.deraktionaer.de/artikel/gold-rohstoffe/gold-falltuer-geoeffnet-20192234.html
here the computer translation The mood changes. And in the negative. The comments that gold will see much lower prices are multiplying. This is not surprising considering what happened last Friday. Although the gold price has remained comparatively stable and silver has even closed in the plus, the mining shares came under considerable pressure. The mining indices fell in the range of four to five percent.But why? The mining shares are widely regarded as a leading indicator of the price of gold. Say: The mines are supposed to rise even before the price of gold rises and falls, even before the gold price falls. In fact, this causality is really difficult to prove. What is often seen is that at the end of a downward movement, mining stocks suddenly show stability or are no longer able to cope with the latest turmoil of an uptrend. However, the fact that mines suddenly break five percent, even though gold is (still) stable, is a phenomenon that you normally do not see. There must be more to it than just the alleged "leading movement" of the mines.
Gold and cannabis
As I've already written to my readers at Goldfolio, there's a sinister connection to what's currently going on in the cannabis stocks. The cannabis stocks are in free fall - and billions are being destroyed here. At first glance, this has nothing to do with gold stocks. But most of all, venture capital flowed into cannabis stocks - the same capital that has traditionally flowed into the mining industry in North America. The gold sector has suffered from this - and now suffers again because the capital is being destroyed. In addition to capital, this also robs investors of their risk appetite. The losses in cannabis stocks have certainly also played their part in causing investors to flee speculative investments and invest their money in supposedly safer securities.
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