More evidence that some overseas funds are buying our gold stocks despite bearish views on our dollar.
As I have previously posted, I think they may now see strong net upside even if our dollar goes lower.
I have no doubt their selling drove our gold stocks down to these very low levels but at some point they stop selling and start buying.
Last week it was buying of NST.
Today; First Eagle New York increases NCM from 47mill to 56 mill (6.14% to 7.32%) buying from May 16 to Jun 7 (over 4mill bought during Jun 5-7).
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