...simple, people want the REAL thing.
...paper Gold is ok but lately, many have been disappointed by gold miners facing issues relating to production, AISC, due to climate disruptions, higher operational costs etc. Once bitten, twice shy.
...but a time would arrive when gold miners start to shine again. That would be when market participants recognise that this gold bull market is real and sustainable. Meanwhile, it looks like more traders have their monies caught up in the lithium trade, hopeful of another resurgence.
During the present week gold so far rallied 2.5% to all-time high while Senior Gold Miners GDX gained a minuscule 0.8%. Something is definitely not right here…
https://x.com/hajiyev_rashad/status/1778612121846050910
