...Rashad, its not that something is not right. It is that gold...

...Rashad, its not that something is not right. It is that gold stocks are equities when equities fall- most times they fall harder than the market indices, it has been that way for awhile now.
...Gold stocks will rise faster than Gold when the market loses faith in other preferred sectors associated with bulls (like growth stocks) when they crash and Gold makes a strong rally on the back of sharp Fed easing and QE. Like the one we had after the Fed threw the kitchen sink at the Covid crash.
...I see most people who talk about Gold are actually talking about gold stocks like they are the same. I have stressed enough on this thread that they're not.

Gold vs GDX Decoupling between Gold vs GDX continue to increase. Back in August 2024 Gold's peaks corresponded to $2,525 while GDX traded around $40 level. Since then gold added 5% (present $2,650), GDX trading slightly below $40. GDX makes miniscule gains on the upside, but easily gives on minor and shallow pullbacks in gold. Something is not right...

https://x.com/hajiyev_rashad/status/1841045209104126139