below is from Van Eck re their gold / gold stock etf . Note the...

below is from Van Eck re their gold / gold stock etf . Note the comments at the end which imply they may be active managers. Two of my undervalued Canadian developers also had big volume rises last night. Could be they are now reallocating towards gold equities likely to outperform and we all know KCN fits that category.

...".Why Now ....A unique asset, gold enhances portfolio diversification, acts as store of value, and hedges against systemic financial and geopolitical risk. The rationale for an allocation to gold and gold stocks in today’s environment has taken on greater clarity, particularly as its near-term future looks bright.At a macroeconomic level, extreme monetary policies, negative real interest rates, unsustainable sovereign and corporate debt levels, and diminishing dollar headwinds should continue to support higher gold prices.A deflationary bull market is the base case, with the move from 2008-2011 as the best reference. The post GFC move was a +150% move. If one counts $1,350 as the summer 2019 base, then $3,400 would be the price target. Of course, if we have a burst of inflation, major US economic weakness or uncertainty, prices could go much higher.Gold companies are healthier than they have been in 10-20 years, with low operating costs, healthy balance sheets (FCF positive and low net debt ratios), and attractive valuations.The Strategy maintains overweight positioning in mid-tier and junior gold mining companies (relative to peers and its benchmark). Historically, these companies have outperformed in market recoveries and/or supportive gold price environments