Yes GML, being right in the middle of BGL, MGV, RMS, WGX, EVN resources is not like some vague Chalice Gold PGE "nealology" short-term play.
Unless the US$ GOP collapses (how with the US printing to maintain it global position, realising it is oil price backed, nothing to do with gold), then it would seem to me that it's accumulation time.
I expect the current POG pull-back is just the futures positions re-balancing (depending on how you read it) - one can see that from the COT data.
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