????
Looking at a single day means nothing.
Gold stocks correlate with equities, not Gold in extreme bear days.
And when we are in the midst of a bear market, gold stocks have historically performed worse than general equities.
I think I have posted evidence of that before, many times.
Your SPR move is a correlated move to RMS gains as SPR holders eventually swap for RMS stock.
I've warned market participants many times not to see Gold stocks as being equivalent to Gold as a safe haven. While physical Gold is, but gold stocks won't perform well in market adversity, only when the general equity market is not in distress while Gold rises.
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