Can someone explain why gold gets heavily punished off the back of slightly upbeat retail spending and makes only modest gains off terrible employment numbers (missed expectations by 500,000 when last announced at non farm payroll). Gets slapped down $50 in one night then takes 2-3 weeks to claw its way back to 1800 and gold miners share price does not represent the price of gold? Gold miners should be making big margins at these prices and the POG should be continuing to trend higher in today's environment.
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Can someone explain why gold gets heavily punished off the back...
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