Best looking weekly chart, page-2078

Perhaps some truth..

	The question I got more than any other at the recent Deutsche Goldmesse conference in Frankfurt was, “Why haven’t gold stocks responded to gold’s big run higher?”
1	I had two answers for them:
2	1) The rally in gold had been so quick and dramatic that it took everyone by surprise. Investors felt they’d been left behind, and were waiting for a pull-back to get into the mining equities. From the beginning of the move on March 1st, that break didn’t come until the third week of April. 2) No one really understood why gold was rallying so hard. We’d been expecting a Fed pivot to be the big catalyst, but that was being postponed ever further ahead. If we didn’t understand what’s driving gold, we couldn’t get a feel for how long the move might last. No one wanted to jump in headfirst just before a big slam back downward.
3	The good news, I told these investors, was that these factors were already starting to change.

https://goldnewsletter.com/go050824/